Business

Early Trade Sees Market Drops Due To Profit-Taking And Outflows Of Foreign Funds

Benchmark equity indices fell in early trade on Tuesday, capping a three-day rise, on profit-taking amid weak trends in the US markets and foreign fund outflows.

The 30-share BSE Sensex dropped 222.02 points, reaching 73,792.53. The NSE Nifty slid 47.65 points, reaching 22,414.35.

Later, the benchmark indices experienced turbulent movements and traded with minor gains.

ICICI Bank, Tata Consultancy Services, Wipro, Infosys, Bajaj Finance, and Asian Paints were the Sensex’s top laggards.

Among the gainers were IndusInd Bank, HDFC Bank, Tata Steel, and Titan.

In Asian markets, Seoul fell, while Tokyo, Shanghai, and Hong Kong rose.

Wall Street closed largely down on Monday.

Brent crude gained 0.48 percent to USD 87.84 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 522.30 crore on Monday.

On Monday, the BSE benchmark soared 363.20 points or 0.49 percent to 74,014.55, while the NSE Nifty surged 135.10 points or 0.61 percent to 22,462.

Also read: Japan Experiences Earthquake Of Magnitude 6.1; No Tsunami Warning Issued

Spriha Rai

Recent Posts

Indian Government Issues Warning As Fake ‘Free Laptop 2025’ Message Spreads Online

A fake WhatsApp message claiming the government offers free laptops to all students in 2025…

2 hours ago

Reforms And Enterprise Driving India Forward, Says PM Modi On 8.2% GDP Growth

India’s Q2 FY26 GDP jumps 8.2%, led by strong consumption, manufacturing, and services, defying global…

3 hours ago

Sculpt Your Wedding Arms: Trainer Reveals Proven Toning Plan

Trainer Julie Capozziello guides brides to build muscle first, reduce fat, and sculpt toned, elegant…

3 hours ago

PM Modi Participates In Mass Gita Recitation At Udupi, Says The Experience Strengthened His Resolve To Serve The Nation

Prime Minister Narendra Modi joined one lakh devotees in the ‘Laksha Kantha Gita’ chanting at…

4 hours ago

PM Modi Unveils Nine Civic Commitments At Udupi’s Sri Krishna Math Event

PM Modi addressed a large gathering at Udupi’s Sri Krishna Math and announced nine civic…

4 hours ago

PM Modi Offers Condolences; Dispatches Relief Assistance To Cyclone-Stricken Sri Lanka

Prime Minister Narendra Modi expressed condolences over the loss of lives caused by Cyclone Ditwah…

4 hours ago