Mumbai: Equity benchmark indices declined in initial trade on Thursday in line with weak global markets and continuous foreign fund outflows. The 30-share BSE Sensex went lower by 383.19 points to 60,527.09. The broader NSE Nifty declined by 110.7 points to 18,011.80.
The 30-share BSE benchmark had dipped by 7.15 points or 0.03 percent to settle at 60,910.28 on November 28. The Nifty went lower by 9.80 points or 0.05 percent to end at 18,122.50. Foreign Institutional Investors (FIIs) offloaded shares worth Rs 872.59 crore on November 28, according to exchange data.
From the Sensex pack, Tata Motors, Bajaj Finance, UltraTech Cement, Bajaj Finserv, Hindustan Unilever, Mahindra & Mahindra, Maruti and HDFC were the major laggards.
Tata Steel and Bharti Airtel were the winners.
In Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
Markets in the US had ended lower on Wednesday.
International oil benchmark Brent crude dipped 0.31 percent to USD 83 per barrel.
"Volatility is likely to be the hallmark for the day as traders roll over December F&O contracts," said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd.
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