There was a decline in early trading in domestic markets, know the condition of Sensex and Nifty – Dainik Savera Times
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Mumbai: Domestic indices Sensex and Nifty fell in early trade on Wednesday amid weak global trends, higher crude oil prices and foreign fund outflows. The 30-share BSE Sensex fell 281.18 points or 0.38 per cent to 73,622.73. NSE Nifty slipped 93.15 points or 0.41 per cent to 22,360.15.
Shares of 22 companies listed in Sensex remained in loss. Shares of Bharti Airtel, Nestle India, Sun Pharma and IndusInd Bank fell the most, while contrary to the market trend, shares of UltraTech Cement, Tech Mahindra, Axis Bank and Tata Steel rose. Shares of 38 companies out of 50 companies listed in NSE Nifty declined.
In Asian markets, China’s Shanghai Composite, Japan’s Nikkei 225 and Hong Kong’s Hang Seng were in loss. American and European markets closed mainly on a negative note on Tuesday. Brent crude futures, the global oil benchmark, were trading 0.08 per cent higher at US$88.99 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth a net Rs 1,622.69 crore on Tuesday.
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