Markets

Sensex tumbles over 300 points, Nifty slips below 18,200

Equity benchmark Sensex drops over 300 points in early trade on October 28 tracking losses in index majors ICICI Bank, HDFC and Infosys, amid a weak trend in global markets and unabated foreign fund outflow.

The 30-share index was trading 306.32 points or 0.50% lower at 60,837.01 in initial deals. Similarly, the Nifty fell 89.50 points or 0.49% to 18,121.45.

ICICI Bank was the top loser in the Sensex pack, shedding around 2%, followed by Tata Steel, ITC, SBI, HDFC and Titan.

On the other hand, IndusInd Bank, L&T, Bajaj Auto and Bajaj Finance were among the gainers.

In the previous session, the 30-share index ended 206.93 points or 0.34% lower at 61,143.33, and Nifty fell 57.45 points or 0.31% to 18,210.95.

Foreign institutional investors (FIIs) were net sellers in the capital market, as they offloaded shares worth ₹1,913.36 crore on October 27, as per exchange data.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo were trading with losses in mid-session deals, while Seoul was positive.

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

Meanwhile, international oil benchmark Brent crude fell 2.25% to $81.98 per barrel.


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Printable version | Nov 28, 2021 8:04:33 PM | https://www.thehindu.com/business/markets/sensex-tumbles-over-300-points-nifty-slips-below-18200/article37206230.ece

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