Sensex falls 407 points in early trade
The Hindu
Nifty tests 16,500 level
Benchmark indices declined on Tuesday, May 31, 2022 after a three-day rally, with the Sensex falling 407 points in early trade, mainly dragged down by selling in index majors Infosys, TCS and HDFC.
The 30-share BSE Sensex was trading 406.66 points lower at 55,519.08. The broader NSE Nifty declined 119.4 points to 16,542.
From the Sensex pack, Titan, Infosys, HDFC, HCL Technologies, Hindustan Unilever, TCS, Sun Pharma, RIL and Kotak Mahindra Bank were the major laggards.
In contrast, M&M, Tata Steel, Power Grid, Maruti Suzuki and NTPC were the gainers.
Elsewhere in Asia, markets in Seoul, Shanghai, Hong Kong and Tokyo were quoting with gains.
Stock markets in the US were closed for a holiday on Monday.
Meanwhile, international oil benchmark Brent crude jumped 0.91 per cent to USD 122.78 per barrel.
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