Share Markets Dip In Early Trade Owing Negative Trends In US Markets And Foreign Fund Outflows

Benchmark equity indices fell in early trade on Wednesday, reflecting negative trends in the US markets and ongoing foreign money outflows.

The BSE Sensex dropped 202.34 points to 65,743.13. The Nifty lost 60.55 points to 19,604.15.

Among the Sensex companies, the top laggards were Bajaj Finance, Tech Mahindra, Tata Steel, HDFC Bank, Titan, and ICICI Bank.

Among the gainers were Sun Pharma, IndusInd Bank, Larsen & Toubro, and UltraTech Cement.

In Asian markets, Seoul and Tokyo were trading down, while Shanghai and Hong Kong were trading higher.

The US markets concluded lower on Tuesday.

Brent crude rose 0.99 percent to USD 94.89 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 693.47 crore on Tuesday.

On Tuesday, the BSE benchmark declined 78.22 points or 0.12 percent to end at 65,945.47. The broader Nifty sank 9.85 points or 0.05 percent to 19,664.70.

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