Sensex, Nifty fall in early trade on weak global trends, foreign fund outflows
The Hindu
Equity mkt indices fall on weak global trends, FII outflows; M&M, JSW Steel gainers; RBI policy, US inflation data eyed.
Benchmark equity indices declined in early trade on August 9 amid weak global market trends and continuous foreign fund outflows.
Caution also prevailed in the markets ahead of the major events — RBI's monetary policy and the U.S. inflation data—due to be announced on Thursday.
The 30-share BSE Sensex fell 158.2 points to 65,688.30, extending its previous day's weak trend. The NSE Nifty slipped 30.75 points to 19,540.10.
From the Sensex pack, ICICI Bank, Maruti, HCL Technologies, Hindustan Unilever, Wipro, Tata Consultancy Services, Reliance Industries and IndusInd Bank were the major laggards.
Mahindra & Mahindra, JSW Steel, Titan, Bharti Airtel, Tata Motors and Tech Mahindra were among the gainers.
In Asian markets, Tokyo, Shanghai and Hong Kong traded lower while Seoul quoted in the green.
The U.S. markets ended in the negative territory on Tuesday.
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Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday (March 12, 2025) but soon turned flat due to highly volatile global trends amid uncertainties over trade tariff.