Indian Markets Tumble: Global Weakness, FII Outflows | Sensex, Nifty Drop
By Rediff Money Desk, Mumbai Jun 24, 2024 09:55
Indian benchmark indices Sensex and Nifty slumped in early trade on Monday due to weak global cues, fresh foreign fund outflows and profit-booking after a recent rally.
Mumbai, Jun 24 (PTI) Benchmark equity indices tumbled in early trade on Monday amid weak trends from global markets and fresh foreign fund outflows.
Profit-taking after a record-breaking rally also put pressure on the benchmark indices.
The 30-share BSE Sensex declined 463.96 points to 76,745.94. The Nifty dropped 149.6 points to 23,351.50.
Among the 30 Sensex companies, IndusInd Bank, Tata Steel, Adani Ports, State Bank of India, Bajaj Finance and JSW Steel were the biggest laggards.
Sun Pharma, ITC, ICICI Bank and Tata Consultancy Services were among the gainers.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.
US markets ended mostly lower on Friday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,790.19 crore on Friday, according to exchange data.
Global oil benchmark Brent crude declined 0.07 per cent to USD 85.18 a barrel.
Snapping its six-day rally, the BSE benchmark declined 269.03 points or 0.35 per cent to settle at 77,209.90 on Friday. The NSE Nifty slipped 65.90 points or 0.28 per cent to end at 23,501.10.
Profit-taking after a record-breaking rally also put pressure on the benchmark indices.
The 30-share BSE Sensex declined 463.96 points to 76,745.94. The Nifty dropped 149.6 points to 23,351.50.
Among the 30 Sensex companies, IndusInd Bank, Tata Steel, Adani Ports, State Bank of India, Bajaj Finance and JSW Steel were the biggest laggards.
Sun Pharma, ITC, ICICI Bank and Tata Consultancy Services were among the gainers.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.
US markets ended mostly lower on Friday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,790.19 crore on Friday, according to exchange data.
Global oil benchmark Brent crude declined 0.07 per cent to USD 85.18 a barrel.
Snapping its six-day rally, the BSE benchmark declined 269.03 points or 0.35 per cent to settle at 77,209.90 on Friday. The NSE Nifty slipped 65.90 points or 0.28 per cent to end at 23,501.10.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.95 (+ 9.10)
- 188579011
- Thinkink Picturez
- 1.28 ( -4.48)
- 30136876
- Standard Capital
- 0.94 (+ 2.17)
- 16517445
- AvanceTechnologies
- 0.78 ( -2.50)
- 15415869
- Srestha Finvest
- 0.70 (+ 1.45)
- 15301981
MORE NEWS
Amitabh Bachchan Sells Mumbai Duplex for Rs 83...
Bollywood star Amitabh Bachchan sold his duplex apartment in Mumbai's Oshiwara for Rs...
India to Protect Diamond Industry SMEs,...
India's Commerce Minister Piyush Goyal assures protection for small and medium...
Lodha Brothers Battle: Abhishek Sues Over Brand...
Abhishek Lodha of Macrotech Developers has filed a lawsuit against his brother...