NSE & BSE fall in early trade after three-day rally

Mumbai: NSE and BSE fell in early trade on Friday, halting their three-day rally, amid a weak trend in other Asian markets. The 30-share BSE Sensex declined by 101.03 points to settle at 62,171.65 in early trade. The broader NSE Nifty dipped by 24.20 points to end at 18,459.90. The 30-share BSE benchmark rallied at 762.10 points or 1.24 percent to settle at 62,272.68, its record closing peak on November 24. The Nifty jumped by 216.85 points or 1.19 percent to end at a record high of 18,484.10. Foreign Institutional Investors (FIIs) turned buyers as they bought shares worth Rs 1,231.98 crore on November 24, as per exchange data.

Position of various stocks listed in BSE

From the Sensex pack, Bajaj Finance, Nestle, Asian Paints, Hindustan Unilever, Infosys, Titan, Tata Consultancy Services, Power Grid and ITC were among the major laggards.

Larsen & Toubro, Axis Bank, IndusInd Bank and NTPC were among the winners.

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Performance of markets worldwide

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

Wall Street was closed for a holiday on November 24.

"US markets were closed for the Thanksgiving holiday yesterday. Asian markets are trading mixed in the early Friday trade as investors are looking for fresh news from the US region after yesterday's holiday," said Mohit Nigam, Fund Manager & Head – PMS, Hem Securities.

International oil benchmark Brent crude was trading 0.23 percent higher at USD 85.54 per barrel.

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