Sensex, Nifty tumble in early trade

Markets tumble as Sensex and Nifty drop, influenced by foreign fund outflows and Nikkei index decline.

Benchmark indices declined in early trade on Monday (September 30, 2024) amid foreign fund outflows and a largely weak Asian markets where the Japan's Nikkei index tanked nearly 5%.

Markets were also dragged by decline in frontline stocks like ICICI Bank and Reliance Industries.

The BSE Sensex tumbled 464.22 points to 85,107.63 in early trade. The NSE Nifty tanked 133.85 points to 26,045.10.

From the 30 Sensex firms, Tech Mahindra, Mahindra & Mahindra, ICICI Bank, Reliance Industries, Axis Bank and UltraTech Cement were among the major laggards.

Tata Steel, JSW Steel, NTPC, Titan, Hindustan Unilever and Asian Paints were among the gainers.

In Asian markets, Seoul and Tokyo were trading lower while Shanghai and Hong Kong traded in the positive territory.

Japan's benchmark Nikkei 225 index tanked nearly 5% early on Monday.