Markets Decline In Early Trade On Profit-Booking

The benchmark equity indices Sensex and Nifty declined in early trade on Thursday, owing to negative global market trends and profit booking.

The BSE Sensex sank 155.30 points, or 0.20 percent to 77,182.29. The NSE Nifty slipped 44.40 points, or 0.15 percent to 23,471.60.

Power Finance Corp, RECL, ICICI Lombard, Sun Pharmaceutical, HDFC Life Insurance, Colgate-Palmolive, Bajaj Finance, Power Grid Corp, Bajaj Auto, and Bajaj Finserv were the top laggards.

Among the gainers were Jio Finance Serv., Kotak Mahindra Bank, SRF, Samvardhana Motherson, Tata Motor-DVR, Berger Paints, Jindal Steel & Power, Avenue Supermarts, and Vedanta.

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

US markets were closed on Wednesday in celebration of Juneteenth.

European markets ended on a mixed note on Wednesday.

Brent crude gained 0.64 percent to USD 85.07 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 7,908.36 crore on Wednesday.

On Wednesday, the Sensex inched up 36.45 points, or 0.05 percent to 77,337.59 while the Nifty went down by 41.90 points, or 0.18 percent to 23,516.00.

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