Mumbai: Equity benchmarks declined in initial trade on Wednesday after rallying in the past two days amid mixed trends in global markets and foreign fund outflows. The 30-share BSE Sensex declined by 213.66 points to 60,713.77. The broader NSE Nifty dipped by 63.95 points to 18,068.35.
The BSE benchmark had jumped by 361.01 points or 0.60 percent to settle at 60,927.43 on December 27. The Nifty climbed by 117.70 points or 0.65 percent to end at 18,132.30. Foreign institutional investors (FIIs) offloaded shares worth Rs 867.65 crore on December 27, according to exchange data.
From the Sensex pack, Infosys, Bajaj Finserv, Tata Consultancy Services, HCL Technologies, Bharti Airtel, Reliance Industries, State Bank of India, Wipro, ITC and IndusInd Bank were the major laggards.
Titan, Power Grid, Asian Paints, NTPC, Kotak Mahindra Bank and Mahindra & Mahindra were the winners.
In Asia, equity markets in Seoul, Tokyo were trading lower, while Shanghai and Hong Kong quoted in the green.
Markets in the US ended mostly lower on December 27.
International oil benchmark Brent crude climbed 0.13 percent to USD 84.44 per barrel.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)