India News | Sensex Drops over 200 Pts in Opening Trade; Nifty Below 11,200
Get latest articles and stories on India at LatestLY. Benchmark Sensex dropped over 200 points in early trade on Friday, dragged by losses in HDFC Bank, Infosys and ICICI Bank amid weak cues from global markets.
Mumbai, Aug 7 (PTI) Benchmark Sensex dropped over 200 points in early trade on Friday, dragged by losses in HDFC Bank, Infosys and ICICI Bank amid weak cues from global markets.
After falling to 37,787.38 points in opening session, the BSE Sensex was trading 151.50 points or 0.40 per cent lower at 37,873.95; while the NSE Nifty was down 32.95 points or 0.29 per cent at 11,167.20.
HCL Tech was the top laggard in the Sensex pack, shedding over 1 per cent, followed by HDFC twins, Infosys, Sun Pharma, ICICI Bank and Kotak Bank.
On the other hand, Asian Paints, UltraTech Cement, Bajaj Finserv, IndusInd Bank and TCS were among the gainers.
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In the previous session, the Sensex had ended 362.12 points or 0.96 per cent higher at 38,025.45, while the broader Nifty had jumped 98.50 points or 0.89 per cent to finish at 11,200.15.
Exchange data showed that foreign institutional investors bought equities worth Rs 637.43 crore on a net basis on Thursday.
According to traders, market sentiment turned negative tracking weak cues from other Asian indices amid reports that the Trump administration is considering a proposal to crackdown on Chinese companies that are listed in the US.
Bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading in the red.
Wall Street, meanwhile, ended on a positive note in overnight session.
Global oil benchmark Brent crude was trading 0.33 per cent lower at USD 44.94 per barrel. PTI ANS MKJ 08070951 NNNN, Yurchenko in March admitted charges that it broke anti-doping rules in that case. Disciplinary charges filed against Shlyakhtin and six other people by the Athletics Integrity Unit remain unresolved.
When World Athletics issued the fine in March, Yurchenko pledged that the federation, known as RusAF, would make every effort to pay. He later said it could not afford the payments.
RusAF itself has been under suspension from World Athletics since 2015 over widespread doping. That forces its athletes to register for neutral status to compete outside their home country. (AP)
(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)