{"id":106133,"date":"2023-08-03T16:29:03","date_gmt":"2023-08-03T10:59:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106133"},"modified":"2023-08-03T16:29:05","modified_gmt":"2023-08-03T10:59:05","slug":"foreign-fund-outflows-and-banks-drag-down-sensex-nifty-for-3rd-day","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/foreign-fund-outflows-and-banks-drag-down-sensex-nifty-for-3rd-day\/","title":{"rendered":"Foreign Fund Outflows and Banks Drag down Sensex &amp; NIFTY for 3rd Day"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3315074900\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Benchmark indices Sensex and Nifty closed lower for a third straight day on Thursday in tandem with a bearish trend in global markets and continuous foreign fund outflows. The BSE benchmark tumbled 676.53 points or 1.02 per cent to settle at 65,782.78 on Wednesday. The Nifty fell by 207 points or 1.05 per cent to end at 19,526.55.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-937016993\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Losses in ICICI Bank and HDFC Bank at a 6 week low also added to the ongoing weak trend in the benchmark indices. Foreign institutional investors (FIIs) offloaded equities worth Rs 1,877.84 crore on Wednesday, according to exchange data. Global oil benchmark Brent crude dipped 0.46 per cent to USD 82.82 a barrel. <\/p><p>The 30-share BSE Sensex fell by 542.10 points or 0.82 per cent to settle at 65,240.68. During the day, it slumped 819.7 points or 1.24 per cent to 64,963.08. The NSE Nifty declined 144.90 points or 0.74 per cent to end at 19,381.65.\u00a0<\/p><p>From the Sensex pack, Titan fell by over 2 per cent after the company reported a 4.3 per cent drop in consolidated net profit at Rs 756 crore for the June quarter. Bajaj Finserv, ICICI Bank, Nestle, UltraTech Cement, Bajaj Finance, Maruti, Tata Consultancy Services, IndusInd Bank and State Bank of India were the major laggards. Infosys, JSW Steel, NTPC and Power Grid were the gainers.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-93025718\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In Asian markets, Seoul, Tokyo and Hong Kong ended in the negative territory while Shanghai settled in the green. European markets were trading in the red. The US markets ended lower on Wednesday after Fitch Ratings cut the US government credit rating by one level.<\/p><p>Meanwhile, India&#8217;s services sector growth touched a 13-year high in July as a substantial improvement in demand conditions and pick-up in international sales induced the strongest increase in new business and output, a monthly survey said on Thursday.<\/p><div class=\"trade-after-content\" id=\"trade-630004170\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Benchmark indices Sensex and Nifty closed lower for a third straight day on Thursday in tandem with a bearish trend in global markets and continuous foreign fund outflows. The BSE benchmark tumbled 676.53 points or 1.02 per cent to settle at 65,782.78 on Wednesday. The Nifty fell by 207 points or 1.05 per cent to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-106133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Foreign Fund Outflows and Banks Drag down Sensex &amp; NIFTY for 3rd Day - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Benchmark indices Sensex and Nifty closed lower for a third straight day on Thursday in tandem with a bearish trend in global markets and continuous foreign fund outflows. The BSE benchmark tumbled 676.53 points or 1.02 per cent to settle at 65,782.78 on Wednesday. The Nifty fell by 207 points or 1.05 per cent to end at 19,526.55.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/foreign-fund-outflows-and-banks-drag-down-sensex-nifty-for-3rd-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign Fund Outflows and Banks Drag down Sensex &amp; NIFTY for 3rd Day\" \/>\n<meta property=\"og:description\" content=\"Benchmark indices Sensex and Nifty closed lower for a third straight day on Thursday in tandem with a bearish trend in global markets and continuous foreign fund outflows. The BSE benchmark tumbled 676.53 points or 1.02 per cent to settle at 65,782.78 on Wednesday. The Nifty fell by 207 points or 1.05 per cent to end at 19,526.55.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/foreign-fund-outflows-and-banks-drag-down-sensex-nifty-for-3rd-day\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-03T10:59:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-03T10:59:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Index-3-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/foreign-fund-outflows-and-banks-drag-down-sensex-nifty-for-3rd-day\/\",\"url\":\"https:\/\/tradebrains.in\/features\/foreign-fund-outflows-and-banks-drag-down-sensex-nifty-for-3rd-day\/\",\"name\":\"Foreign Fund Outflows and Banks Drag down Sensex &amp; NIFTY for 3rd Day - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/foreign-fund-outflows-and-banks-drag-down-sensex-nifty-for-3rd-day\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/foreign-fund-outflows-and-banks-drag-down-sensex-nifty-for-3rd-day\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Index-3-Cover-Image.jpg\",\"datePublished\":\"2023-08-03T10:59:03+00:00\",\"dateModified\":\"2023-08-03T10:59:05+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Benchmark indices Sensex and Nifty closed lower for a third straight day on Thursday in tandem with a bearish trend in global markets and continuous foreign fund outflows. 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