Markets decline in early trade dragged down by IT counters; foreign fund outflows
The Hindu
The 30-share BSE Sensex fell 168.88 points to 59,558.13. The broader NSE Nifty declined 48.35 points to 17,611.80
Equity benchmark indices declined in initial trade on April 19, falling for the third day running, amid weak trends in IT counters and foreign fund outflows.
Weak trends in global markets also added to the negative sentiments.
The 30-share BSE Sensex fell 168.88 points to 59,558.13. The broader NSE Nifty declined 48.35 points to 17,611.80.
Among the Sensex firms, Infosys, HCL Technologies, Asian Paints, Hindustan Unilever, Tata Consultancy Services, Wipro, Bajaj Finserv and Nestle were the major laggards.
Tata Steel, Axis Bank, Mahindra & Mahindra, Titan and Bharti Airtel were among the winners.
In Asian markets, Japan, Shanghai and Hong Kong were trading lower, while Seoul quoted in the green.
The U.S. markets had ended mostly lower on Tuesday.
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