Sensex, Nifty fluctuate in early trade

After gaining more than 200 points in early trade, the Sensex was fluctuating and it was trading at 57,184.21 in early deals.

After gaining more than 200 points in early trade, the Sensex was fluctuating and it was trading at 57,184.21 in early deals.

Equity benchmarks Sensex and Nifty opened early on Wednesday tracking weakness in index heavyweights Reliance Industries, TCS and HDFC Bank amid a mixed trend in global markets.

After rallying over 200 points in early trade, the 30-share BSE benchmark turned volatile and was trading 27.41 points or 0.05% lower at 57,184.21 in opening deals. The NSE Nifty too slipped 33.45 points or 0.2% to end at 17,069.10.

From the Sensex pack, Dr Reddy’s, Titan, Sun Pharma, Reliance Industries, TCS and HDFC Bank were the major losers. In contrast, PowerGrid, NTPC, Infosys and Wipro were among the gainers.

Elsewhere in Asian markets, Seoul, Tokyo and Hong Kong were down.

US stock exchanges rose in overnight trading on Tuesday.

On Monday, the BSE benchmark fell 84.88 points or 0.15% to 56,975.99 and the Nifty fell 33.45 points or 0.20% to 17,069.10.

Stock markets remained closed on Tuesday on the occasion of Eid-ul-Fitr.

Meanwhile, international oil benchmark Brent crude jumped 1.08 per cent to $106.10 a barrel.

Foreign institutional investors offloaded shares worth ₹1,853.46 crore on Monday, according to stock exchange data.