Sensex, Nifty decline on weak global cues, foreign fund outflows
The Hindu
Benchmark indices fall in early trade due to global weakness, FIIs outflows. BSE Sensex down 251 points, Nifty 65.85 points. Major laggards: Titan, M&M, IndusInd Bank, Asian Paints, Tata Steel, Maruti, Tata Motors, Nestle
Benchmark equity indices declined in early trade on Friday due to weak trends in global markets and unabated foreign fund outflows.
The 30-share BSE Sensex fell 251.25 points to 64,580.95, extending its previous day's decline. The Nifty declined 65.85 points to 19,329.45.
Among the Sensex firms, Titan, Mahindra & Mahindra, IndusInd Bank, Asian Paints, Tata Steel, Maruti, Tata Motors and Nestle were the major laggards.
Bajaj Finance, Power Grid, Tech Mahindra and NTPC were among the gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in negative territory.
The US markets ended lower on Thursday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,712.33 crore on Thursday, according to exchange data.
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