Sensex loses 427 points; Nifty 17,600. intact

Bajaj Finserv was the top gainer in the Sensex pack followed by Tech Mahindra, Tata Steel, Bharti Airtel, L&T, IndusInd Bank, Bajaj Finance and Infosys.

Equity benchmark Sensex tumbled 427 points on Friday, extending its losses for the fourth straight session, tracking weakness in Bajaj Finserv, L&T and Infosys amid broad selling in global markets.

Traders said continued foreign fund outflows had an impact on the stock markets.

The 30-share BSE index ended 427.44 points or 0.72% lower at 59,037.18. Similarly, the NSE Nifty fell 139.85 points or 0.79% to end at 17,617.15.

Fag-end buying at select blue-chip counters helped the stock markets limit losses.

Bajaj Finserv was the top laggard in the Sensex pack, falling 5.37%, followed by Tech Mahindra, Tata Steel, Bharti Airtel, L&T, IndusInd Bank, Bajaj Finance and Infosys.

On the other hand, HUL, Maruti, HDFC Twins and TCS were among the gainers, up up to 2.68%.

In other Asian markets, Hong Kong, Seoul, Shanghai and Tokyo shares closed in the red.

Stock exchanges in Europe were trading with deep losses in mid-session deals.

International oil benchmark Brent crude fell 1.92% to $86.68 a barrel.

Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 4,679.84 crore on Thursday, according to stock exchange data.

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