Decline in early trading in stock market due to fresh withdrawal of foreign funds
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Mumbai Equity benchmark indices extended their previous day’s slide and fell in early trade on Thursday amid heavy foreign fund outflows and mixed trends from global markets. BSE’s 30-share Sensex fell 264.7 points to 72,497.19 points in early trade. National Stock Exchange’s Nifty was trading 80.2 points down at 21,917.50 points.
Among the Sensex companies, Bajaj Finance, Tata Steel, JSW Steel, Tata Consultancy Services, Bajaj Finserv, Tech Mahindra, Titan and HDFC Bank were the major losers. Shares of Mahindra & Mahindra, Reliance Industries, Larsen & Toubro and Nestle were among the gainers. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 4,595.06 crore on Wednesday.
In Asian markets, Seoul, Shanghai were trading in profit while Tokyo and Hong Kong were trading in loss. US markets closed with mixed sentiment on Wednesday. On Wednesday, the BSE benchmark index fell 906.07 points to close at 72,761.89. Nifty had fallen 338 points to 21,997.70. Global oil benchmark Brent crude was up 0.20 percent at US $ 84.20 per barrel.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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