The 30-share BSE Sensex fell 396.51 factors to 66,062.80 on August 2. File
| Photo Credit: PTI
Equity benchmark indices went decrease in early trade on August 2 amid weak global market tendencies and steady foreign fund outflows.
The 30-share BSE Sensex fell 396.51 factors to 66,062.80. The NSE Nifty declined 95.25 factors to 19,638.30.
From the Sensex pack, Tata Steel, Larsen & Toubro, JSW Steel, NTPC, Bajaj Finserv, HDFC Bank, HCL Technologies, Wipro, ITC and Tata Motors have been among the many main laggards.
Maruti, Reliance Industries, Power Grid and Tech Mahindra have been the gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong have been quoting decrease.
The U.S. markets ended largely in the destructive territory on Tuesday.
Foreign Institutional Investors (FIIs) offloaded equities value ₹92.85 crore on Tuesday, in response to alternate information.
Global oil benchmark Brent crude jumped 0.85% to $85.63 a barrel.
“Markets may see a weak start in Wednesday trade amid fall in the Asian markets after the U.S. indices edged lower in overnight trade. The rate hike by the U.S. Fed last week and hinting at a further rate hike has spread uncertainty across the global markets, which has sparked volatility since then.
“On the home entrance, tepid incomes experiences and listless motion from the FIIs are seen undermining the market temper,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, had stated in a pre-opening market remark.
In a extremely risky trade on Tuesday, the Sensex declined 68.36 factors or 0.10% to settle at 66,459.31. The Nifty fell 20.25 factors or 0.10% to finish at 19,733.55.
