Frequent foreign fund outflows also contributed to the fall in the market.
Frequent foreign fund outflows also contributed to the fall in the market.
Equity benchmark indices started trading on a bearish note on Thursday, October 20, 2022 stopping your four-day rally Following weak global market trends and continued foreign fund outflows.
The 30-share BSE Sensex fell 315.91 points to end at 58,791.28 in early trade. Similarly, the broader NSE Nifty fell 90.2 points to 17,422.05.
From the Sensex pack, IndusInd Bank, Titan, Mahindra & Mahindra, NTPC, ICICI Bank, HDFC Bank, HDFC and Maruti were the biggest losers in early trade.
Nestle, Reliance Industries, ITC and Hindustan Unilever were among the winners.
In other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
Wall Street ended in negative territory on Wednesday.
International oil benchmark Brent crude was trading 0.17 per cent lower at $92.25 per barrel.
Foreign institutional investors (FIIs) were net sellers in the capital markets on Wednesday as they sold shares worth Rs 453.91 crore, according to exchange data.