Markets declines 227 points in early trade dragged by IT stocks, foreign fund outflows
The Hindu
Sensex and Nifty updates
Benchmark equity indices declined in early trade on Thursday, January 25, 2024, dragged by IT stocks and continuous foreign fund outflows.
The 30-share BSE Sensex declined 227.72 points to 70,832.59. The Nifty dipped 55.7 points to 21,398.25.
Among the Sensex firms, Tech Mahindra fell nearly 4 per cent after the company on Wednesday reported a 60 per cent decline in net profit to ₹510.4 crore in the December quarter.
HCL Technologies, Infosys, Wipro, Axis Bank, Tata Consultancy Services, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank were among the other major laggards.
IndusInd Bank, NTPC, Hindustan Unilever, and the State Bank of India were among the gainers.
In Asian markets, Shanghai and Hong Kong were quoting in the positive territory while Seoul and Tokyo traded lower.
The US markets ended on a mixed note on Wednesday.
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