Sensex drops 143 points owing to persistent outflow of foreign funds

The benchmark Sensex slumped by 143 points on Thursday due to ongoing foreign fund outflows and conflicting global market trends.

The 30-share BSE Sensex fell 143.41 points or 0.22 percent to 64,832.20. It slid 206.85 points or 0.31 percent to 64,768.76 during the day.

The Nifty dropped 48.20 points or 0.25 percent to 19,395.30.

The major laggards on the Sensex were Hindustan Unilever, Tech Mahindra, Infosys, Reliance Industries, Bajaj Finance, Tata Consultancy Services, Titan, and UltraTech Cement.

Among the winners were Mahindra &a Mahindra, Power Grid, IndusInd Bank, Tata Motors, Larsen & Toubro, and Maruti.

In Asian markets, Seoul, Tokyo, and Shanghai finished up, while Hong Kong finished lower.

The majority of European markets were trading in the green.

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

Brent crude rose 0.99 percent to $80.33 per barrel.

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

On Wednesday, the BSE benchmark grew 33.21 points or 0.05 percent to 64,975.61. The broader Nifty advanced 36.80 points or 0.19 percent to 19,443.50.

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