Ripples Advisory, Markets Live: Sensex down 58 points on FII outflows, weak global cues

The Sensex was trading down by 58.25 points or 0.16 per cent at 34,558.39 and the Nifty down 24 points or 0.23 per cent at 10,590.35.

Brokers said the domestic sentiment turned weak on sustained capital outflows by foreign funds amid a weak trend in other Asian markets following overnight weakness at Wall Street after the 10-year treasury yield briefly touched the 3 per cent level for the first time in four years.

Traders were also cautious ahead of April derivatives expiry due tomorrow.

Meanwhile, on a net basis, foreign portfolio investors had sold shares worth Rs 680.99 crore, while domestic institutional investors bought shares worth Rs 508.55 crore yesterday, provisional data showed.

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