Markets

Sensex falls 153 points in early trade; Nifty slips below 15,700

File photo for representation purposes only

File photo for representation purposes only | Photo Credit: Paul Noronha

Equity benchmark indices remained on the backfoot for the fourth straight day on Wednesday, with the Sensex falling 153 points in early trade amid mixed global cues and unabated foreign capital outflows.

The BSE benchmark was trading 153.25 points lower at 52,540.32 in early trade. The Nifty declined by 39.55 points to 15,692.55.

From the Sensex pack, Hindustan Unilever, Reliance Industries, Bharti Airtel, HDFC and Nestle were the major laggards.

On the other hand, Bajaj Finserv, M&M, Tata Steel and Bajaj Finance were among the gainers.

Elsewhere in Asia, markets in Seoul and Tokyo were trading lower, while Shanghai and Hong Kong quoted in the green during mid-session deals.

Stock exchanges in the U.S. ended on a mixed note in the overnight session.

In the previous session, the 30-share BSE benchmark dropped 153.13 points or 0.29% to settle at 52,693.57. The NSE Nifty declined by 42.30 points or 0.27% to end at 15,732.10.

"All eyes will be on the FOMC (Federal Open Market Committee) June policy meeting outcome with a focus on the magnitude of the rate increase. Also, FII selling in the domestic market and crude oil prices above USD 121.3 a barrel will continue to weigh on investors' sentiment," said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd.

Meanwhile, international oil benchmark Brent crude gained 0.12% to $121.35 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth ₹4,502.25 crore on Tuesday, as per exchange data.


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Printable version | Aug 8, 2022 3:46:54 pm | https://www.thehindu.com/business/markets/sensex-falls-153-points-in-early-trade-nifty-slips-below-15700/article65529121.ece