Markets decline in early trade
The Hindu
Mixed Asian market cues lead to muted domestic equities trend; Sensex drops 204.39 points, Nifty dips 40.75 points.
Equity benchmark indices declined in early trade on July 8 as investors opted to book profits after the recent record rally in equities.
Mixed cues from Asian markets also added to the muted trend in domestic equities.
After beginning the trade on a weak note, the 30-share BSE Sensex further declined 204.39 points to 79,792.21. The NSE Nifty dipped 40.75 points to 24,283.10.
Among the Sensex pack, Titan, Asian Paints, Adani Ports, Bajaj Finserv, UltraTech Cement and Maruti were the biggest laggards.
Tata Motors, Tech Mahindra, ICICI Bank and State Bank of India were among the gainers.
In Asian markets, Shanghai and Hong Kong were trading lower while Seoul and Tokyo quoted in the green.
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