India News | Markets Decline in Early Trade Amid Weak Global Trends
Get latest articles and stories on India at LatestLY. Equity benchmark indices declined in initial trade on Thursday in line with weak global markets and continuous foreign fund outflows.
Mumbai, Dec 29 (PTI) Equity benchmark indices declined in initial trade on Thursday in line with weak global markets and continuous foreign fund outflows.
The 30-share BSE Sensex went lower by 383.19 points to 60,527.09. The broader NSE Nifty declined 110.7 points to 18,011.80.
From the Sensex pack, Tata Motors, Bajaj Finance, UltraTech Cement, Bajaj Finserv, Hindustan Unilever, Mahindra & Mahindra, Maruti and HDFC were the major laggards.
Tata Steel and Bharti Airtel were the winners.
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Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
Markets in the US had ended lower on Wednesday.
"Volatility is likely to be the hallmark for the day as traders roll over December F&O contracts," said Prashanth Tapse - Research Analyst, Senior VP (Research), Mehta Equities Ltd.
The 30-share BSE benchmark had dipped 17.15 points or 0.03 per cent to settle at 60,910.28 on Wednesday. The Nifty went lower by 9.80 points or 0.05 per cent to end at 18,122.50.
International oil benchmark Brent crude dipped 0.31 per cent to USD 83 per barrel.
Foreign Institutional Investors (FIIs) offloaded shares worth Rs 872.59 crore on Wednesday, according to exchange data.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)