Mumbai: Equity benchmark indices declined in early trade on Tuesday amid a weak trend in Asian markets and foreign fund outflows. The 30-share BSE Sensex fell by 257.62 points to reach 62,910.68. The NSE Nifty declined by 73.45 points to settle at 18,682.
After hitting its lifetime high on Friday, the 30-share BSE index fell by 216.28 points or 0.34 percent to settle at 63,168.30 on Monday. The Nifty went lower by 70.55 points or 0.37 percent to end at 18,755.45. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,030.90 crore on Monday, according to exchange data.
From the Sensex pack, Bajaj Finance, Bajaj Finserv, Asian Paints, Hindustan Unilever, Mahindra & Mahindra, HDFC, ICICI Bank, HDFC Bank, and IndusInd Bank were the major laggards. Power Grid, Wipro, NTPC, Infosys, Tata Steel, and Bharti Airtel were the gainers.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading in negative territory. The US markets were closed on Monday on the observance of the Juneteenth holiday. Global oil benchmark Brent crude dipped by 0.17 percent to USD 75.96 a barrel.
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