Image for representational purpose only. , Photo Credit: PTI
Benchmark equity indices Sensex and Nifty declined in early trade on February 10, tracking negative cues from Asian and global markets.
Shares of Adani Group companies will also be in focus as an index provider. MSCI Inc has reduced the weighting of the four firms in its index after the review.
In early deals, the 30-share BSE Sensex fell 173.69 points, or 0.29%, to 60,632.53, while the broader NSE Nifty fell 54.15 points, or 0.30%, to 17,839.30.
As many as 18 scrips in the Sensex were in the red while others including HDFC and Maruti were trading with marginal gains.
In the previous session, the BSE index settled 142.43 points or 0.23% higher at 60,806.22 and the broader NSE Nifty settled 21.75 points or 0.12% higher at 17,893.45.
Most of the Asian markets including Hong Kong and China were in the negative zone.
Deepak Jasani, head of retail research at HDFC Securities, said stocks in Asia were mostly lower on Friday after US equities declined for a second day, and Treasury yields climbed as investors braced for the prospect of higher interest rates as the Federal Reserve battles… started adjusting. inflation.
Foreign portfolio investors were net sellers on Thursday, selling shares worth ₹144.73 crore, according to exchange data.
Global oil benchmark Brent crude futures fell 0.44% to $84.13 a barrel.