Markets decline in early trade after three days of rally

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Markets decline in early trade after three days of rally


Equity benchmark indices declined in early trade on Tuesday after three days of rally amid weak developments in Asian markets and unabated overseas fund outflows.

The 30-share BSE Sensex declined 216.73 factors to 64,741.96. The Nifty slipped 63.05 factors to 19,348.70.

Among the Sensex companies, ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints and Larsen & Toubro had been the main laggards.

Bajaj Finserv, IndusInd Bank, Bajaj Finance and Sun Pharma had been the main gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong had been buying and selling in the destructive territory.

The U.S. markets ended with marginal positive factors on Monday.

Global oil benchmark Brent crude declined 0.49% to $84.76 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities price ₹549.37 crore on Monday, in accordance with trade knowledge.

The BSE benchmark jumped 594.91 factors or 0.92% to settle at 64,958.69 on Monday. The broader Nifty climbed 181.15 factors or 0.94% to 19,411.75.



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