Early trading saw a fall in equity markets due to ongoing withdrawals of foreign funds

Benchmark equity indices fell in early trade on Thursday, owing to ongoing foreign money withdrawals and mixed global market trends.

The BSE Sensex dropped 102.13 points to 64,873.48. The Nifty lost 34.35 points to 19,409.15.

Tech Mahindra, Reliance Industries, Hindustan Unilever, HDFC Bank, Infosys, and JSW Steel were the Sensex’s major laggards.

Among the winners were Mahindra & Mahindra, ICICI Bank, Maruti, Wipro, Larsen & Toubro, and Tata Motors.

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

On Wednesday, the US markets ended on a mixed note.

Brent crude gained 0.23 percent to USD 79.72 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 84.55 crore on Wednesday.

On Wednesday, the BSE Sensex climbed 33.21 points or 0.05 percent to 64,975.61. The Nifty gained 36.80 points or 0.19 percent to 19,443.50.

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