Markets decline in early trade weak global trends, unabated foreign fund outflows

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Markets decline in early trade weak global trends, unabated foreign fund outflows


Image used for represnetative objective solely
| Photo Credit: The Hindu

Equity benchmark indices declined in early trade on May 17 amid weak global developments and unabated foreign fund outflows.

The 30-share BSE Sensex declined 185.42 factors to 73,478.30. The NSE Nifty dipped 50.35 factors to 22,353.50.

Among the Sensex parts, Axis Bank, IndusInd Bank, Nestle, Hindustan Unilever, Larsen & Toubro and Bajaj Finserv have been the foremost laggards.

Mahindra & Mahindra, Tata Motors, Tata Steel and UltraTech Cement have been the gainers.

In Asian markets, Seoul, Tokyo and Shanghai have been quoting decrease whereas Hong Kong traded in the inexperienced.

Wall Street ended in the destructive territory on Thursday.

Foreign Institutional Investors (FIIs) offloaded equities value ₹776.49 crore on Thursday, in response to trade knowledge.

Global oil benchmark Brent crude climbed 0.25% to USD 83.48 a barrel.

On Thursday, the BSE benchmark climbed 676.69 factors or 0.93% to settle at 73,663.72. The NSE Nifty surged 203.30 factors or 0.92% to 22,403.85.



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