Markets decline in early trade on weak global peers, foreign fund outflows
The Hindu
Stock market indices fall as global markets weaken, with key firms like SBI and UltraTech Cement lagging.
Benchmark equity indices declined in early trade on Friday (September 6, 2024) tracking a weak trend in global markets and fresh foreign fund outflows.
Falling for the third day running, the 30-share BSE Sensex declined 233.98 points to 81,967.18 in early trade. The NSE Nifty dropped 60 points to 25,085.10.
Among the 30 Sensex firms, State Bank of India, UltraTech Cement, Reliance Industries, NTPC, ICICI Bank and Titan were the biggest laggards.
Bajaj Finance, Bajaj Finserv, Hindustan Unilever, Asian Paints and IndusInd Bank were among the gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
The U.S. markets ended mostly in the negative territory on Thursday.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹688.69 crore on Thursday after days of remaining buyers, according to exchange data.