Equity benchmark Sensex dropped over 100 points in early trade on Wednesday dragged by losses in index majors HUL, HDFC twins and Infosys amid mixed cues from global markets.
The 30-share BSE Sensex was trading 108.36 points, or 0.29%, lower at 37,821.97. Similarly, the NSE Nifty slipped 29.50 points, or 0.26%, to 11,132.75.
Bajaj Finance was the top loser in the Sensex pack, shedding around 2%, followed by HUL, Maruti, IndusInd Bank, SBI, Tech Mahindra, L&T, Infosys and HDFC duo. On the other hand, Axis Bank, Sun Pharma, NTPC and ITC were among the gainers.
In the previous session, the BSE barometer closed at 37,930.33, up 511.34 points, or 1.37%. Similarly, the Nifty rose 140.05 points, or 1.27%, to end at 11,162.25.
Foreign institutional investors were net buyers in the capital market on Tuesday, purchasing equities worth ₹2,265.88 crore, provisional exchange data showed. According to traders, stock-specific action dictated market movement in early trade. Mixed cues from global markets also kept investors cautious.
Bourses in Shanghai, Hong Kong, Seoul were trading on a positive note, while Tokyo slipped into red. Stock exchanges on Wall Street too ended on a mixed note in overnight session.
Meanwhile, international oil benchmark Brent crude futures fell 0.43% to $44.13 per barrel.
