Sensex Slides After Touching An All-Time High In Early Trade; Nifty Falls Roughly 50 Points

Benchmark indices Sensex and Nifty fell in early trade on Thursday, mirroring negative trends in Asian markets and foreign fund outflows.

The 30-share BSE Sensex dipped 149.41 points to 78,524.84, after setting a fresh all-time high of 78,771.64 in early trading. The Nifty dropped 47.45 points to 23,821.35.

Havells India, PNB, Godrej Consumer, Mahindra & Mahindra, Maruti Suzuki, HCL Technologies, Tech Mahindra, Eicher Motors, Coal India, and Apollo Hospitals were the top laggards.

Among the gainers were UltraTech Cement, Grasim Industries, Dr reddy’s Labs, RECL, JSW Steel, SRF, Bajaj Holdings, Ambuja Cements, Shree Cement, and Colgate-Palmolive.

In Asian markets, Singapore, and Indonesia were trading in positive territory, while Thailand, Tokyo, Hong Kong, Taiwan, South Korea, Malaysia, and Shanghai were trading in negative territory.

US markets closed higher on Wednesday.

European markets ended lower on Wednesday.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 3,535.43 crore on Wednesday.

Brent crude lost 0.21 percent to USD 85.07 per barrel.

On Wednesday, the Sensex soared 620.73 points or 0.80 percent to 78,674.25, while the Nifty advanced 147.50 points or 0.62 percent to 23,889.90.

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