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Sensex closes down nearly 53 pts in volatile trade amid weak global trends

The benchmark BSE Sensex fell by nearly 53 points in a volatile trade on Tuesday, largely due to weak Asian and European market trends and fresh foreign fund outflows.

The 30-share Sensex declined 52.63 points or 0.07% to settle at 73,953.31. During the day, it hit a high of 74,189.19 and a low of 73,762.37.

The broader NSE Nifty closed higher by 27.05 points or 0.12% to 22,529.05. Major laggards included Nestle, Maruti, IndusInd Bank, ICICI Bank, Hindustan Unilever, Larsen & Toubro, Tata Consultancy Services, Infosys, HDFC Bank, and Axis Bank.

Gainers included Tata Steel, JSW Steel, Power Grid, Tech Mahindra, and State Bank of India.

Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, settled lower, while European markets were trading in negative territory.

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Markets open weak on Asia trends

Equity benchmark indices in India experienced a decline in early trade on Tuesday due to weak Asian market trends and foreign fund outflows.

The 30-share BSE Sensex declined 218.11 points to 73,787.83. The NSE Nifty dipped 97.45 points to 22,404.55. Major laggards included Nestle, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Hindustan Unilever, and ICICI Bank. Gainers included Tata Steel, Power Grid, Tata Steel, and Asian Paints.

Asian markets saw lower trading in Seoul, Shanghai, and Hong Kong, while Tokyo quoted in positive territory.

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