Sensex, Nifty drop on foreign fund outflows, weak US markets
The Hindu
Sensex and Nifty decline due to losses in Reliance Industries and HDFC Bank amid global trends.
Benchmark equity indices Sensex and Nifty declined on Tuesday due to losses in index major Reliance Industries and HDFC Bank amid sustained foreign fund outflows and mixed global trends.
The 30-share BSE Sensex declined by 361.64 points or 0.50% to settle at 72,470.30. During the day, it fell by 468.91 points or 0.64 per cent to 72,363.03.
The NSE Nifty declined 92.05 points or 0.42% to 22,004.70.
From the Sensex basket, PowerGrid, Bharti Airtel, Wipro, HDFC Bank, Kotak Mahindra Bank, UltraTech Cement, Asian Paints, Infosys and Reliance Industries were the major laggards.
Bajaj Finance, NTPC, Larsen & Toubro, Axis Bank, Tata Motors, IndusInd Bank and Bajaj Finserv were among the gainers.
In Asian markets, Tokyo settled lower, while Seoul, Shanghai and Hong Kong ended in the positive territory.
European markets were trading mostly in the green. Wall Street ended lower on Monday.
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