Sensex breaks 123.03 points amid weak trends in Asian markets, Nifty down 61.1 points
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Mumbai: Sensex and Nifty declined in early trade on Friday due to weak trend in Asian markets and outflow of foreign capital. The pressure increased further due to the breakdown of Reliance Industries shares. Meanwhile, the 30-share BSE Sensex fell 123.03 points to 57,802.25 points in early trade. At the same time, the National Stock Exchange’s Nifty was trading at 17,015.80 points with a loss of 61.1 points.
Bajaj Finserv, Bajaj Finance, Mahindra & Mahindra, Reliance Industries, Titan, Asian Paints, Nestle and Tata Steel were among the top losers on the Sensex. On the other hand, Infosys, Tata Consultancy Services, Wipro, Kotak Mahindra Bank, IndusInd Bank, Tech Mahindra, HCL Technologies and Larsen & Toubro were trading with gains. Among Asian bourses, Seoul, Japan, Shanghai and Hong Kong were in the red. US markets closed with gains on Thursday.
In the previous trading session, the 30-share Sensex closed at 57,925.28, down 289.31 points, or 0.50 per cent, on Thursday. At the same time, the 50-share National Stock Exchange’s Nifty also closed at 17,076.90 points, down 75 points, or 0.44 percent. Meanwhile, the global oil standard Brent crude was down 0.20 percent at $ 75.76 per barrel. According to the data, foreign institutional investors (FIIs) sold shares worth Rs 995.01 crore on a net basis on Thursday.
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