Markets fall in early trade
The markets are going down as early trade begins. Axis Bank, Bajaj Finserv, NTPC, HDFC Bank, Tata Consultancy Services, JSW Steel, Tech Mahindra, ICICI Bank, and Kotak Mahindra Bank were the most significant laggards among the Sensex pack.
MUMBAI: The benchmark equity indices Sensex and Nifty fell in early trade on Friday due to a fall in foreign investment and sluggish trends in US markets.
The 30-share BSE Sensex decreased by 204.84 points to 66,061.98 to continue its downward trend from the previous day.
To 19,599.55, the NSE Nifty dropped 60.35 points.
The Sensex pack’s main laggards included Axis Bank, Bajaj Finserv, NTPC, HDFC Bank, Tata Consultancy Services, JSW Steel, Tech Mahindra, ICICI Bank, and Kotak Mahindra Bank.
Among the winners were Mahindra & Mahindra, ITC, Reliance Industries, and Wipro.
Seoul, Shanghai, and Hong Kong were trading in the black on Asian markets, while Tokyo saw a decline in its quote.
On Thursday, the US stock markets closed in the red.
Brent crude, the benchmark for all crude oil, was down 0.40 percent at USD 83.90 per barrel.
According to exchange statistics, foreign institutional investors (FIIs) sold shares of stock on Thursday totaling Rs 3,979.44 crore.
The Nifty dropped 118.40 points or 0.60 percent to conclude at 19,659.90, while the BSE benchmark fell 440.38 points or 0.66 percent to close at 66,266.82.
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