Sensex fell 400 points in early trade on weak global market trend

International oil benchmark Brent crude settled at $114.81 a barrel.

International oil benchmark Brent crude settled at $114.81 a barrel.

The benchmark indices started trading on a weak note on Friday, with the Sensex falling nearly 400 points in early trade amid a weak trend in the global market.

The BSE benchmark Sensex was trading 399.69 points lower at 52,619.25. NSE Nifty closed 130.25 points lower at 15,650.

Dr. Reddy’s Laboratories, Titan, HDFC, Kotak Mahindra Bank, HDFC Bank, Bharti Airtel, State Bank of India and ICICI Bank were among the laggards in the Sensex pack.

Asian Paints, ITC, Tata Steel, Bajaj Finserv, Tech Mahindra and Power Grid were among the gainers.

Elsewhere in Asia, markets in Tokyo, Seoul and Shanghai were trading lower in mid-session deals.

On Thursday, the US markets closed with a fall.

On Thursday, the Sensex closed down 8.03 points or 0.02% at 53,018.94. The NSE Nifty fell 18.85 points, or 0.12%, to 15,780.25.

Meanwhile, international oil benchmark Brent crude fell 1.25% to $114.81 a barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 1,138.05 crore on Thursday, according to exchange data.