New Delhi: equity investor Over Rs 5 lakh crore fell in early trade on Thursday as domestic benchmark indices reflect weak trends in global equities. The 30-share BSE benchmark Sensex closed 1,154.78 points lower at 53,053.75 in opening deals tracking weak global markets, frequent foreign fund outflows and rise in crude oil prices.
Weak broader market trend reduced the market capitalization of BSE-listed firms to Rs 2,50,74,714.78 crore from Rs 5,02,731.03 crore in early trade.
Tech Mahindra, Infosys, Wipro, HCL Technologies, IndusInd Bank and TCS were the biggest laggards among Sensex firms. ITC 30 stocks emerged as the only gainer from the pack.
asian market Seoul, Shanghai, Hong Kong and Tokyo were trading lower.
Stock exchanges in the US had closed at a very low level on Wednesday.
Mohit Nigam, PMS Head, Hem Securities, said, “The US markets witnessed the worst sell-off since June 2020 due to inflationary scare.”
Foreign institutional investors continued selling shares worth Rs 1,254.64 crore on Wednesday, according to stock exchange data.
Weak broader market trend reduced the market capitalization of BSE-listed firms to Rs 2,50,74,714.78 crore from Rs 5,02,731.03 crore in early trade.
Tech Mahindra, Infosys, Wipro, HCL Technologies, IndusInd Bank and TCS were the biggest laggards among Sensex firms. ITC 30 stocks emerged as the only gainer from the pack.
asian market Seoul, Shanghai, Hong Kong and Tokyo were trading lower.
Stock exchanges in the US had closed at a very low level on Wednesday.
Mohit Nigam, PMS Head, Hem Securities, said, “The US markets witnessed the worst sell-off since June 2020 due to inflationary scare.”
Foreign institutional investors continued selling shares worth Rs 1,254.64 crore on Wednesday, according to stock exchange data.