Markets decline in early trade dragged down by IT counters; foreign fund outflows

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Markets decline in early trade dragged down by IT counters; foreign fund outflows


Equity benchmark indices declined in preliminary trade on April 19, falling for the third day operating, amid weak developments in IT counters and foreign fund outflows.

Weak developments in world markets additionally added to the detrimental sentiments.

The 30-share BSE Sensex fell 168.88 factors to 59,558.13. The broader NSE Nifty declined 48.35 factors to 17,611.80.

Among the Sensex companies, Infosys, HCL Technologies, Asian Paints, Hindustan Unilever, Tata Consultancy Services, Wipro, Bajaj Finserv and Nestle had been the key laggards.

Tata Steel, Axis Bank, Mahindra & Mahindra, Titan and Bharti Airtel had been among the many winners.

In Asian markets, Japan, Shanghai and Hong Kong had been buying and selling decrease, whereas Seoul quoted in the inexperienced.

The U.S. markets had ended largely decrease on Tuesday.

Foreign Portfolio Investors (FPIs) once more offloaded equities value ₹810.60 crore on Tuesday, in keeping with trade information.

The 30-share BSE benchmark fell 183.74 factors or 0.31% to settle at 59,727.01 on Tuesday. The Nifty dipped 46.70 factors or 0.26% to finish at 17,660.15.

Meanwhile, world oil benchmark Brent crude dipped 0.13% to $84.66 per barrel.



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