NSE & BSE fall in early trade amid weak global trends

Mumbai: Equity benchmarks fell in early trade on Monday amid a weak trend in global markets and continuous foreign fund outflows. The 30-share BSE Sensex declined by 495.53 points to settle at 61,686.14 after a weak beginning. Similarly, the broader NSE Nifty fell by 147.15 points to end at 18,349.45.

The Sensex had ended 389.01 points or 0.62 percent lower at 62,181.67 on December 9. The Nifty had declined by 112.75 points or 0.61 percent to end at 18,496.60. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on December 9 as they offloaded shares worth Rs 158.01 crore, according to exchange data.

Position of stocks listed in BSE

From the Sensex pack, Asian Paints, Titan, Bajaj Finance, Infosys, Bajaj Finserv and UltraTech Cement were the major laggards.

ITC and Dr Reddy's were trading in the green.

Performance of markets worldwide

In Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading lower.

The US markets had ended in the negative territory on December 9.

International oil benchmark Brent crude climbed 0.71 per cent to USD 76.64 per barrel.

"Asian shares dipped on Monday while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions from the US Federal Reserve, the European Central Bank and others," said Mohit Nigam, Head PMS, Hem Securities.

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