Markets tumble in early trade on weak trends from global equities

Benchmark equity indices tumbled in early trade on Monday amid weak trends from global markets
Markets tumble in early trade on weak trends from global equities
Markets tumble in early trade on weak trends from global equitiesRepresentative Image

New Delhi: Benchmark equity indices tumbled in early trade on Monday amid weak trends from global markets and fresh foreign fund outflows.

Profit-taking after a record-breaking rally also put pressure on the benchmark indices.

Among the 30 Sensex companies, IndusInd Bank, Tata Steel, Adani Ports, State Bank of India, Bajaj Finance and JSW Steel were the biggest laggards.

In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.

Global oil benchmark Brent crude declined 0.07 percent to USD 85.18 a barrel.

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