Markets fall in early trade amid weak global trends
The Hindu
In Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
Equity benchmarks fell in early trade on Monday amid a weak trend in global markets and continuous foreign fund outflows.
The 30-share BSE Sensex declined 495.53 points to 61,686.14 after a weak beginning. Similarly, the broader NSE Nifty fell 147.15 points to 18,349.45.
From the Sensex pack, Asian Paints, Titan, Bajaj Finance, Infosys, Bajaj Finserv and UltraTech Cement were the major laggards.
ITC and Dr Reddy's were trading in the green.
In Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
The U.S. markets had ended in the negative territory on Friday.
"Asian shares dipped on Monday while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions from the U.S. Federal Reserve, the European Central Bank and others," said Mohit Nigam, Head - PMS, Hem Securities.
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