BSE Sensex fell 137.84 points at 57,782.13 in early trade; NSE Nifty falls 52.75 points
BSE Sensex fell 137.84 points at 57,782.13 in early trade; NSE Nifty falls 52.75 points
Equity benchmark indices fell in early trade on Monday amid weak global market trends and persistent foreign fund outflow.
The 30-share BSE Sensex closed 137.84 points lower at 57,782.13 in early trade. Similarly, the broader NSE Nifty fell 52.75 points to 17,132.95.
Mahindra & Mahindra, Adani Enterprises, JSW Steel and Larsen & Toubro were the major losers among Nifty constituents.
On the other hand, Bajaj Auto, State Bank of India, ICICI Bank and Eicher Motors were among the winners in early trade.
In Asia, markets in Tokyo, Shanghai and Hong Kong declined, while Seoul traded higher.
Wall Street closed significantly lower on Friday.
Prashant Taapsee, Senior Vice President (Research), Mehta Equities Ltd, said volatility is likely to be identified as Nifty bulls brace for a rough session in the near term as things are not looking very good on Dalal Street right now.
On Friday, the BSE benchmark had jumped 684.64 points or 1.20% to close at 57,919.97. The Nifty climbed 171.35 points, or 1.01%, to 17,185.70.
International oil benchmark Brent crude was trading 0.59% higher at $92.17 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the Indian capital market on Friday as they sold shares worth 1,011.23 crore, according to exchange data.