Sensex falls over 160 points in early trade; Nifty slips below 17,900

Infosys was the top gainer in the Sensex pack followed by Asian Paints, HCL Tech, Reliance Industries, Wipro, HDFC and TCS.

Equity benchmark Sensex fell over 160 points in early trade on Thursday, tracking losses amid persistent foreign fund outflows in index-majors Infosys, HCL Tech and Reliance Industries and a mixed trend in Asian peers.

The BSE gauge was trading 164.47 points or 0.27% lower at 59,934.35 in early trade. Similarly, Nifty slipped 52.45 points or 0.29% to end at 17,885.95.

Infosys was the top laggard in the Sensex pack, falling 1.13%, followed by Asian Paints, HCL Tech, Reliance Industries, Wipro, HDFC and TCS.

On the other hand, PowerGrid, UltraTech Cement, Tata Steel, Bajaj Finserv, Titan and Axis Bank were among the laggards.

In the previous session, the 30-share BSE Sensex ended 656.04 points or 1.08% lower at 61,308.91. The NSE barometer Nifty fell 174.65 points or 0.96% to end at 17,938.40.

Elsewhere in Asia, shares in Hong Kong, Seoul and Tokyo were trading with gains in mid-session deals, while Shanghai was in the red.

Stock exchanges in the US ended on a negative note in the overnight session.

Meanwhile, international oil benchmark Brent crude slipped 0.26% to $88.21 a barrel.

Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 2,704.77 crore on Wednesday, according to stock exchange data.

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