Sensex, Nifty tumble on weak global cues, foreign fund outflows
The Hindu
Mumbai equity indices fall in initial trade; BSE Sensex down 187 points, Nifty 55 points. Major laggards: M&M, Bajaj Fin, Nestle, UltraTech, JSW Steel, HUL, Infosys, Power Grid. Maruti, SBI, L&T, Airtel gainers. Global markets, Brent crude down.
Domestic equity benchmark indices fell in initial trade on September 7 tracking weak global markets and foreign fund outflows.
After a weak beginning, the BSE Sensex further fell by 187.11 points to 65,693.41. The Nifty declined 55.35 points to 19,555.70.
From the Sensex pack, Mahindra & Mahindra, Bajaj Finance, Nestle, UltraTech Cement, JSW Steel, Hindustan Unilever, Infosys and Power Grid were the major laggards.
Maruti, State Bank of India, Larsen & Toubro and Bharti Airtel were among the gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
The U.S. markets ended in the negative territory on September 6.
Global oil benchmark Brent crude declined 0.19% to $90.43 a barrel.
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Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
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