
Markets decline in early trade weak global trends, unabated foreign fund outflows
The Hindu
Equity benchmark indices declined in early trade on May 17 amid weak global trends and unabated foreign fund outflows.
Equity benchmark indices declined in early trade on May 17 amid weak global trends and unabated foreign fund outflows.
The 30-share BSE Sensex declined 185.42 points to 73,478.30. The NSE Nifty dipped 50.35 points to 22,353.50.
Among the Sensex components, Axis Bank, IndusInd Bank, Nestle, Hindustan Unilever, Larsen & Toubro and Bajaj Finserv were the major laggards.
Mahindra & Mahindra, Tata Motors, Tata Steel and UltraTech Cement were the gainers.
In Asian markets, Seoul, Tokyo and Shanghai were quoting lower while Hong Kong traded in the green.
Wall Street ended in the negative territory on Thursday.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹776.49 crore on Thursday, according to exchange data.

The Union and State governments provided support in several ways to the needy people, but private institutions should also extend help, especially to those requiring medical assistance, said C.P. Rajkumar, Managing Director, Nalam Multispeciality Hospital, here on Saturday. Speaking at a function to honour Inspector General of Police V. Balakrishnan and neurologist S. Meenakshisundaram with C. Palaniappan Memorial Award for their contribution to society and Nalam Kappom medical adoption of Type-1 diabetic children, he said the governments implemented numerous welfare programmes, but the timely help by a private hospital or a doctor in the neighbourhood to the people in need would go a long way in safeguarding their lives.












