Mumbai: Benchmark indices Sensex and Nifty declined in early trade on Friday amid a weak trend in Asian markets and fresh foreign fund outflows.
A weak trend in index major Reliance Industries also dragged benchmark indices lower. The 30-share BSE Sensex declined by 123.03 points to settle at 57,802.25. The broader NSE Nifty fell by 61.1 points to end at 17,015.80.
The BSE benchmark fell by 289.31 points or 0.50 percent to settle at 57,925.28 on Thursday. The Nifty dipped by 75 points or 0.44 percent to end at 17,076.90. Foreign Portfolio Investors offloaded equities worth Rs 995.01 crore on Thursday after a day's breather, according to exchange data.
From the Sensex stocks, Bajaj Finserv, Bajaj Finance, Mahindra and Mahindra, Reliance Industries, Titan, Asian Paints, Nestle, and Tata Steel were the major laggards.
Infosys, Tata Consultancy Services, Wipro, Kotak Mahindra Bank, IndusInd Bank, Tech Mahindra, HCL Technologies, and Larsen & Toubro were the gainers. Buying in IT counters cushioned the fall to some extent.
In Asian markets, Seoul, Japan, Shanghai, and Hong Kong were trading lower. The US markets ended higher on Thursday. Meanwhile, global oil benchmark Brent crude dipped 0.20 percent to USD 75.76 per barrel.
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