Fall in domestic stock markets amid continuous withdrawal of foreign funds
Domestic stock markets fell in early trade on Monday amid continuous withdrawal of foreign funds. BSE’s 30-share index Sensex fell 97.18 points to 65,697.55.
Nifty slipped 15.3 points to 19,716.50. Among Sensex companies, shares of Mahindra & Mahindra, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Bajaj Finance and UltraTech Cement were among the losers.
Shares of HCL Technologies, NTPC, Tech Mahindra, Infosys, State Bank of India and Power Grid were among the gainers.In other Asian markets, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng were in gain, while Japan’s Nikkei was in loss.
US markets closed with slight gains on Friday. Global oil benchmark Brent crude was trading 0.69 percent higher at $81.17 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 477.76 crore on Friday.
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