Equities Decline In Early Trade; Sensex Falls 263 Points

Benchmark equity indices declined in early trade on Thursday owing to continuous foreign fund outflows.

Extending its previous day’s downtrend, in early trading, the 30-share BSE Sensex plummeted 263.07 points to 73,203.32, while the NSE Nifty slid 84.45 points to 22,218.05.

L&T, Divi’s Labs, ICICI Prudential, Tata Power, Varun Beverages, Power Finance Corp, United Spirits, TCS, Tech Mahindra, and BPCL were the top laggards.

Among the gainers were Adani Power, Hero MotorCorp, TVS Motor Company, Mahindra & Mahindra, and Pidilite Industries.

In Asian markets, Tokyo, Hong Kong, Malaysia, Thailand, and Shanghai were trading higher, while Singapore, South Korea, and Taiwan were trading lower.

On Wednesday, US markets closed on a mixed note.

Brent crude gained 0.30 percent to USD 83.88 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 6,669 crore on Wednesday.

On Wednesday, the Sensex dipped 45.46 points or 0.06 percent to 73,466.39, while the Nifty remained unchanged at 22,302.50.

Also read: Istanbul Witnesses Boeing Cargo Plane Touchdown Without Front Landing Gear; No Casualties