India News | Markets Decline in Early Trade on Weak Trends from Asian Peers, Foreign Fund Outflows
Get latest articles and stories on India at LatestLY. Equity benchmark indices declined in early trade on Tuesday in line with weak trends from Asian markets and fresh foreign fund outflows.
Mumbai, May 21 (PTI) Equity benchmark indices declined in early trade on Tuesday in line with weak trends from Asian markets and fresh foreign fund outflows.
The 30-share BSE Sensex declined 218.11 points to 73,787.83. The NSE Nifty dipped 97.45 points to 22,404.55.
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Among the Sensex components, Nestle, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Hindustan Unilever and ICICI Bank were the major laggards.
Tata Steel, Power Grid, Tata Steel and Asian Paints were among the gainers.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.
Wall Street ended mostly higher on Monday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 92.95 crore on Saturday, according to exchange data.
Global oil benchmark Brent crude declined 0.56 per cent to USD 83.24 a barrel.
The BSE benchmark climbed 88.91 points or 0.12 per cent to end at 74,005.94 in a special trading session on Saturday. The NSE Nifty advanced 35.90 points or 0.16 per cent to 22,502.
The National Stock Exchange (NSE) and BSE conducted a special trading session in the equity and equity derivative segments on May 18 to check their preparedness for handling major disruptions or failures at the primary site.
Markets were closed on Monday due to the fifth phase of the Lok Sabha elections in Mumbai.
(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)