Sensex, Nifty fall in early trade on weak global trends, foreign fund outflows
The Hindu
From the Sensex pack, Bajaj Finance, HDFC Bank, IndusInd Bank, Tata Motors, Tata Steel, Bajaj Finserv, JSW Steel and ICICI Bank were the major laggards
Benchmark equity indices declined in early trade on August 16 amid weak global market trends and continuous foreign fund outflows.
The 30-share BSE Sensex fell 369.03 points to 65,032.89. The NSE Nifty declined 117.35 points to 19,317.20.
From the Sensex pack, Bajaj Finance, HDFC Bank, IndusInd Bank, Tata Motors, Tata Steel, Bajaj Finserv, JSW Steel and ICICI Bank were the major laggards.
ITC, Tech Mahindra, Infosys, State Bank of India, Wipro, HCL Technologies, Hindustan Unilever and NTPC were the gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the negative territory.
The US markets ended lower on Tuesday.
Retail inflation spiked to a 15-month high of 7.44% in July as tomatoes, vegetables and other food items turned costlier, overshooting Reserve Bank's comfort level for the first time in the current fiscal.