Equity Markets Decline In Early Trade

The benchmark equity indices Sensex and Nifty declined in early trade on Friday, owing to mixed trends in global markets.

The BSE Sensex sank 198.54 points, or 0.25 percent to 76,612.36 in the early trade. The NSE Nifty slipped 44.90 points, or 0.19 percent to 23,354.00.

Tech Mahindra, JSW Steel, NTPC, Kotak Mahindra Bank, Wipro, United Spirits, HCL Technologies, Adani Power, and TCS were the top laggards.

Among the gainers were Trent, ICICI Lombard, ABB India, Grasim Industries, Bharat Electronics, Siemens, Shriram Finance, HAL, Ambuja Cement, and GAIL(India).

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

US markets closed on a mixed note on Thursday.

European stocks closed lower on Thursday.

Brent crude lost 0.41 percent to USD 82.41 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 3,033 crore on Thursday.

On Thursday, the Sensex soared 204.33 points, or 0.26 percent to 76,810.90, while the Nifty moved 75.95 points, or 0.32 percent to 23,074.30.

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