Markets decline in early trade after three days of rally
The Hindu
Equity indices fall in early trade; Sensex declines 216.73 points, Nifty slips 63.05 points; ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints, and Larsen & Toubro major laggards. Bajaj Finserv, IndusInd Bank, Bajaj Finance & Sun Pharma major gainers
Equity benchmark indices declined in early trade on Tuesday after three days of rally amid weak trends in Asian markets and unabated foreign fund outflows.
The 30-share BSE Sensex declined 216.73 points to 64,741.96. The Nifty slipped 63.05 points to 19,348.70.
Among the Sensex firms, ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints and Larsen & Toubro were the major laggards.
Bajaj Finserv, IndusInd Bank, Bajaj Finance and Sun Pharma were the major gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the negative territory.
The U.S. markets ended with marginal gains on Monday.
Global oil benchmark Brent crude declined 0.49% to $84.76 a barrel.
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Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.