Markets

Sensex falls 400 points in early trade on weak global market trends

File photo for representational purposes only

File photo for representational purposes only | Photo Credit: The Hindu

Benchmark indices opened the trade on a weak note on Friday, with the Sensex falling nearly 400 points in early trade, amid weak global market trends.

The BSE benchmark Sensex was trading 399.69 points lower at 52,619.25. The NSE Nifty dipped 130.25 points to 15,650.

Among the Sensex pack, Dr. Reddy's Laboratories, Titan, HDFC, Kotak Mahindra Bank, HDFC Bank, Bharti Airtel, State Bank of India and ICICI Bank were the major laggards.

Asian Paints, ITC, Tata Steel, Bajaj Finserv, Tech Mahindra and Power Grid were among the gainers.

Elsewhere in Asia, markets in Tokyo, Seoul and Shanghai were trading lower in mid-session deals.

The U.S. markets ended lower on Thursday.

The Sensex slipped 8.03 points or 0.02% to settle at 53,018.94 on Thursday. The NSE Nifty fell 18.85 points or 0.12% to 15,780.25.

Meanwhile, international oil benchmark Brent crude declined 1.25% to $114.81 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth ₹1,138.05 crore on Thursday, as per exchange data.


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Printable version | Aug 4, 2022 2:33:10 am | https://www.thehindu.com/business/markets/sensex-falls-400-points-in-early-trade-on-weak-global-market-trends/article65588493.ece