Markets decline in early trade amid unabated foreign fund outflows
Equity benchmark indices Sensex and Nifty declined in early trade on Friday amid unabated foreign fund outflows and concerns over the US Federal Reserve signalling fewer rate cuts next year.
The 30-share BSE benchmark Sensex declined 214.08 points to 79,003.97 in early trade.
The NSE Nifty also dipped 63.8 points to 23,887.90. From the 30 blue-chip stocks, Axis Bank, Tech Mahindra, IndusInd Bank, JSW Steel, ITC, Larsen & Toubro, UltraTech Cement and HDFC Bank were the biggest laggards. Titan, NTPC, Bajaj Finance, Bharti Airtel, Tata Consultancy Services and Maruti were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,224.92 crore on Thursday, according to exchange data.
Falling for the fourth day running, the 30-share BSE benchmark tanked 964.15 points or 1.20% to settle at 79,218.05 on Thursday. The Nifty tumbled 247.15 points or 1.02% to sink below the 24,000 mark at 23,951.70.
The 30-share BSE benchmark Sensex declined 214.08 points to 79,003.97 in early trade.
The NSE Nifty also dipped 63.8 points to 23,887.90. From the 30 blue-chip stocks, Axis Bank, Tech Mahindra, IndusInd Bank, JSW Steel, ITC, Larsen & Toubro, UltraTech Cement and HDFC Bank were the biggest laggards. Titan, NTPC, Bajaj Finance, Bharti Airtel, Tata Consultancy Services and Maruti were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,224.92 crore on Thursday, according to exchange data.
Falling for the fourth day running, the 30-share BSE benchmark tanked 964.15 points or 1.20% to settle at 79,218.05 on Thursday. The Nifty tumbled 247.15 points or 1.02% to sink below the 24,000 mark at 23,951.70.