Benchmark equity indices fell in early trade on Monday, weighed down by dismal global trends and fresh foreign fund outflows. Profit-taking following a record-breaking rally also weighed on the benchmark indices.
The 30-share BSE Sensex dipped 463.96 points to 76,745.94 in early trade. The Nifty slipped 149.6 points to 23,351.50. Bank Nifty slid 462.45 points to 51,198.95.
IndusInd Bank, DLF, Tata Steel, Cipla, GAIL (India), Adani Ports, State Bank of India, Bajaj Finance, Coal India, and JSW Steel were the top laggards.
Among the gainers were Bajaj Holdings, Info Edge (India), Mahindra & Mahindra, Sun Pharmaceutical, HAL, Power Grid Corp, and Siemens.
In Asian markets, Thailand, Tokyo, and Indonesia were trading in positive territory, while Singapore, Malaysia, South Korea, Taiwan, Hong Kong, and Shanghai were trading in negative territory.
US markets closed mostly lower on Friday.
European markets concluded in red on Friday.
Brent crude lost 0.07 percent to USD 85.18 per barrel.
According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 1,790.19 crore on Friday.
On Friday, the Sensex sank 269.03 points or 0.35 percent to 77,209.90, while the Nifty went down by 65.90 points or 0.28 percent to 23,501.10.
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