Stock markets suffer on second consecutive day; Sensex slides 265 points, Nifty falls 80 points in early trade

Stock markets replace: For the second consecutive day, fairness benchmark indices declined in early trade on Thursday amid weak tendencies in Asian markets and unabated overseas fund outflows. In the early trade, the 30-share BSE Sensex fell 264.7 points to 72,497.19. Meanwhile, the Nifty declined 80.2 points to 21,917.50. 

From the Sensex pack, Bajaj Finance, Tata Steel, JSW Steel, Tata Consultancy Services, Bajaj Finserv, (*80*) Mahindra, Titan, and HDFC Bank had been the main laggards.

Mahindra & Mahindra, Reliance Industries, Larsen & Toubro and Nestle had been among the many gainers. Foreign Institutional Investors (FIIs) offloaded equities value Rs 4,595.

06 crore on Wednesday, in keeping with change information. In Asian markets, Seoul and Shanghai traded in the inexperienced whereas Tokyo and Hong Kong quoted decrease.

Rupee in opposition to greenback

The rupee depreciated 5 paise to 82.86 in opposition to the US greenback in early trade on Thursday, monitoring a unfavorable development in home equities.

Forex merchants stated the power of the American foreign money, overseas fund outflows, and elevated crude oil costs in the worldwide market dented traders’ sentiments.

At the interbank overseas change, the rupee opened at 82.84 in opposition to the greenback and touched an early low of 82.86 in preliminary trade, registering a fall of 5 paise over its earlier shut.

(With PTI inputs)

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