Mumbai. Major stock indices Sensex tumbled over 220 points in early trade on Friday amid a mixed trend in global markets and losses in major stocks like Wipro, TCS, Infosys and RIL. According to traders, continuous selling by foreign investors has also affected the sentiment in the domestic stock market.
The Sensex was trading at 58,567.81, down 220.21 points or 0.37 per cent in early trade. Similarly, the Nifty fell 72.85 points or 0.41 per cent to 17,487.35. The biggest decline of 1.39 percent in the Sensex was in Titan. Apart from this, Wipro, TCS, Infosys, Reliance Industries, HCL Tech and HDFC were also among the major losers. On the other hand, Tata Steel, Power Grid, Sun Pharma, ITC and NTPC were in the green.
In the previous session, the 30-share BSE Sensex closed at 58,788.02 points, down 770.31 points, or 1.29 per cent. Similarly, the Nifty of the National Stock Exchange closed at 17,560.20, down 219.80 points, or 1.24 per cent. In other Asian markets, shares in Hong Kong and Seoul were trading with gains in mid-session deals, while those in Tokyo were in the red.
Meanwhile, international oil benchmark Brent crude rose 0.44 per cent to $91.51 per barrel. Foreign institutional investors (FIIs) sold shares worth Rs 1,597.54 crore on a gross basis on Thursday, according to provisional stock market data.