Domestic markets bounce back after initial decline.

Mumbai, November 16 (Language) Domestic markets fell in early trade on Thursday amid weak trend in Asian markets, but soon made a comeback.

BSE’s 30-share Sensex fell 168.91 points to 65,507.02. Nifty slipped 48.45 points to 19,627.

However, markets soon bounced back due to fresh foreign fund inflows.

Sensex was trading 101.16 points higher at 65,777.64 while Nifty was trading 23 points higher at 19,698.45.

Among Sensex companies, shares of Bajaj Finance, Power Grid, Bajaj Finserv, JSW Steel, Titan and Tata Steel were among the losers.

Shares of NTPC, Tata Consultancy Services, Tata Motors and HCL Technologies were among the gainers.

In other Asian markets, South Korea’s Kospi, China’s Shanghai Composite, Hong Kong’s Hang Seng and Japan’s Nikkei were in the red.

US markets closed on a positive note on Wednesday.

Global oil benchmark Brent crude was trading 0.75 per cent lower at $80.57 per barrel.

According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 550.19 crore on Wednesday.

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