From the Sensex basket, Tata Motors dropped more than 7%.
| Photo Credit: Reuters
Benchmark fairness indices Sensex and Nifty declined in early trade on May 13 amid steady foreign fund outflows, weak developments from Asian markets and heavy promoting in Tata Motors.
The 30-share BSE Sensex tanked 462.33 factors to 72,202.14. The NSE Nifty declined 125.8 factors to 21,929.40.
From the Sensex basket, Tata Motors dropped more than 7% regardless of reporting over three-fold soar in consolidated web revenue at ₹17,528.59 crore for the fourth quarter ended March 31, 2024.
JSW Steel, Tata Steel, NTPC, State Bank of India, Power Grid and Mahindra & Mahindra had been the opposite main laggards. Sun Pharma emerged as the one gainer from the pack.
In Asian markets, Seoul, Tokyo and Shanghai had been buying and selling decrease whereas Hong Kong quoted in the constructive territory. Wall Street ended largely increased on Friday.
Foreign Institutional Investors (FIIs) offloaded equities value ₹2,117.50 crore on Friday, in accordance with trade information. Global oil benchmark Brent crude declined 0.31% to $82.53 a barrel.
The BSE benchmark climbed 260.30 factors or 0.36% to settle at 72,664.47 on Friday. The NSE Nifty climbed 97.70 factors or 0.44% to 22,055.20.
