Sensex declines after hitting new all-time high in early trade; Nifty dips nearly 50 points
The Hindu
Benchmark indices decline in early trade on June 27 due to weak Asian markets and foreign fund outflows.
Benchmark indices declined in early trade on June 27 tracking weak trends from Asian markets and foreign fund outflows.
The 30-share BSE Sensex declined 149.41 points to 78,524.84 after hitting a new all-time high of 78,771.64 in early trade. The Nifty dipped 47.45 points to 23,821.35.
Among the 30 Sensex companies, Mahindra & Mahindra, Tech Mahindra, Larsen & Toubro, HCL Technologies, Maruti, Bharti Airtel, Tata Consultancy Services and Nestle were the biggest laggards.
UltraTech Cement, JSW Steel, Tata Steel and Reliance Industries were among the gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
US markets ended in the positive territory on Wednesday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,535.43 crore on Wednesday, according to exchange data.
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Stock markets in India closed for Maharashtra elections, with a bounce back in domestic indices observed on Tuesday.
The sensor systems for vehicles in India are all imported. Nothing is made in India though they are engineered at a sustainable low cost, said ISRO Chairman S. Somanath.
Donald Trump's proposed tariffs on Chinese imports could impact global trade, inflation, and economic growth.
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