Business

Markets fall in early trade following a three-day rise

Equity benchmark indexes fell in early trade on Tuesday after rallying for three days due to negative trends in Asian markets and unabated foreign investment outflows.

The BSE Sensex dropped 216.73 points to 64,741.96. The Nifty lost 63.05 points to 19,348.70.

Among the Sensex companies, the top laggards were ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints, and Larsen & Toubro.

The top gainers were Bajaj Finserv, IndusInd Bank, Bajaj Finance, and Sun Pharma.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were all trading in the red.

On Monday, the US markets concluded with small gains.

Brent crude fell 0.49 percent to USD 84.76 a barrel.

According to market statistics, foreign institutional investors (FIIs) sold securities worth Rs 549.37 crore on Monday.

On Monday, the BSE benchmark climbed 594.91 points, or 0.92 percent, to 64,958.69. The Nifty surged 181.15 points, or 0.94 percent, to 19,411.75.

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Spriha Rai

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