Mumbai: Leading stock index Sensex tumbled over 200 points in early trade on Monday led by losses in major stocks like Wipro, Bajaj Finserv and Infosys amid largely negative trend in global markets. According to traders, the continuous outflow of foreign funds also put pressure on the domestic stock markets.
The BSE Sensex was trading at 58,803.65, down 233.53 points or 0.40 per cent in early trade. Similarly, the Nifty fell 73.70 points or 0.42 per cent to 17,543.45. Asian Paints was the biggest loser in the Sensex at 2.44 per cent. Apart from this, Tech Mahindra, Wipro, Bajaj Finserv, Infosys, HCL Tech and Bajaj Finance were also among the major losers.
read also
On the other hand, PowerGrid, Maruti, ICICI Bank, Reliance Industries and Bharti Airtel saw gains. The Sensex was down 427.44 points or 0.72 per cent at 59,037.18 in the previous session, while the broader NSE Nifty fell 139.85 points or 0.79 per cent to end at 17,617.15.
In Asian markets, there was a decline in Hong Kong, Seoul and Tokyo markets, while Shanghai saw a rise. Meanwhile, international oil benchmark Brent crude rose 0.92 per cent to $88.70 per barrel. Foreign institutional investors (FIIs) sold shares worth Rs 3,148.58 crore on a gross basis on Friday, according to provisional data from the stock market. (agency)