Share Market: Share market falls due to weak global market trends, withdrawal of foreign funds.
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Equity benchmark indices fell in early trade on Friday amid weak global market trends and foreign fund outflows. After a weak start, the 30-share BSE Sensex fell 314.56 points to 72,782.72. NSE Nifty fell 101.65 points to 22,045.
Among the Sensex companies, shares of Mahindra & Mahindra, Infosys, Axis Bank, HCL Technologies, NTPC and Asian Paints were major losers. Whereas shares of Bharti Airtel, Power Grid, State Bank of India and IndusInd Bank were profitable.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading with losses. The US market closed with a decline on Thursday. According to the data, foreign institutional investors (FIIs) sold shares worth Rs 1,356.29 crore on Thursday.
In the broader market, the BSE midcap gauge was trading down 0.79 per cent while the smallcap index was down 0.28 per cent. Global oil benchmark Brent crude was down 0.18 percent at US $ 85.27 per barrel. On Thursday, the BSE benchmark index closed at 73,097.28 with a gain of 335.39 points. Nifty had increased by 148.95 points to reach 22,146.65.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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