Share Market: Sensex fell 533 points in early trade due to weak global trend, withdrawal of foreign funds.
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Local stock markets fell in early trade on Wednesday amid weak trend in global markets and withdrawal of foreign funds. BSE’s 30-share Sensex fell 533.13 points to 64,978.97 points in early trade.
National Stock Exchange’s Nifty was trading at 19,375.40 points with a loss of 153.35 points. Among Sensex companies, shares of NTPC, Axis Bank, IndusInd Bank, Maruti, UltraTech Cement, ICICI Bank, Tata Steel and Bajaj Finserv were in loss.
Whereas shares of Nestle, Hindustan Unilever, HDFC Bank and Asian Paints were trading in profit. In other Asian markets, South Korea’s Kospi, Japan’s Nikkei and Hong Kong’s Hang Seng were in the red.
China’s Shanghai Composite was trading in profit. US markets closed with a decline of more than one percent on Tuesday. Global oil benchmark Brent crude was down 0.10 per cent at $90.83 per barrel. Foreign institutional investors sold shares worth Rs 2,034.14 crore on Tuesday.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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