The BSE Sensex dropped 104.33 points to 61,189.87. The NSE Nifty fell 32.45 points to 18,200.10.
Mumbai: Market benchmarks fell in early trade on Wednesday, owing to ongoing foreign fund outflows and a weak trend in index heavyweight Reliance Industries.
The BSE Sensex dropped 104.33 points to 61,189.87. The NSE Nifty fell 32.45 points to 18,200.10.
Tata Steel, Tata Motors, Wipro, Bajaj Finance, Power Grid, Infosys, Reliance Industries, and Bajaj Finserv were the major laggards in the Sensex pack.
The winners were Axis Bank, ICICI Bank, UltraTech Cement, and Hindustan Unilever.
Elsewhere in Asia, equity markets in Seoul, Shanghai, and Hong Kong were up, while Tokyo was down.
Markets in the United States closed lower on Tuesday.
“Overnight fall in the US markets would drag down local markets in early Wednesday trade, but optimism in other Asian peers could fuel a rebound intra-day. Investors will be watching for the release of the Federal Reserve’s December meeting minutes on Thursday. “In yesterday’s trade, FIIs were once again on the sell side,” said Prashanth Tapse, Research Analyst, Senior VP (Research), Mehta Equities Ltd.
On Tuesday, the BSE benchmark rose 126.41 points, or 0.21 percent, to 61,294.20. The Nifty rose 35.10 points, or 0.19 percent, to 18,232.55.
Brent crude fell 0.18 percent to USD 81.95 per barrel, the international oil benchmark.
According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 628.07 crore on Tuesday.
