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MUMBAI: Equity benchmark indices fell early trade on Tuesday in line with weak Asian markets and continuously outflow of foreign funds.
The 30 share BSE Sensex fell 98.14 points to 65,925.55. The Nifty fell 18.75 points to 19,655.80.
Among the Sensex companies are Asian Paints, Kotak Mahindra Bank, Tech Mahindra, Tata Consultancy Services, Infosys and Axis Bank were the biggest laggards.
Tata Steel, UltraTech Cement, Larsen & Toubro and Bharti Airtel were among the winners.
On the Asian markets, Seoul, Tokyo, Shanghai and Hong Kong traded lower.
The American markets ended in positive territory on Monday.
The global oil benchmark for Brent crude fell 0.45 percent to $92.87 per barrel.
Foreign institutional investors (FIIs) offloaded shares worth Rs 2,333.03 crore on Monday, according to stock market data.
“Bearish sentiment in Asian markets could drag local stocks lower in early Tuesday trading. FII selling in the current month has accelerated the decline so far, with rising US dollar and government bond yields coupled with higher crude oil prices further dampening sentiment.
“Renewed concerns over major central banks resorting to likely rate hikes to rein in inflation are making investors nervous about sluggish demand and the coming slowdown,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, in his foreword. open market commentary.
The BSE benchmark had made a marginal gain of 14.54 points or 0.02 per cent to settle at 66,023.69 on Monday. The broader Nifty ended marginally 0.30 points higher at 19,674.55.
The 30 share BSE Sensex fell 98.14 points to 65,925.55. The Nifty fell 18.75 points to 19,655.80.
Among the Sensex companies are Asian Paints, Kotak Mahindra Bank, Tech Mahindra, Tata Consultancy Services, Infosys and Axis Bank were the biggest laggards.
Tata Steel, UltraTech Cement, Larsen & Toubro and Bharti Airtel were among the winners.
On the Asian markets, Seoul, Tokyo, Shanghai and Hong Kong traded lower.
The American markets ended in positive territory on Monday.
The global oil benchmark for Brent crude fell 0.45 percent to $92.87 per barrel.
Foreign institutional investors (FIIs) offloaded shares worth Rs 2,333.03 crore on Monday, according to stock market data.
“Bearish sentiment in Asian markets could drag local stocks lower in early Tuesday trading. FII selling in the current month has accelerated the decline so far, with rising US dollar and government bond yields coupled with higher crude oil prices further dampening sentiment.
“Renewed concerns over major central banks resorting to likely rate hikes to rein in inflation are making investors nervous about sluggish demand and the coming slowdown,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, in his foreword. open market commentary.
The BSE benchmark had made a marginal gain of 14.54 points or 0.02 per cent to settle at 66,023.69 on Monday. The broader Nifty ended marginally 0.30 points higher at 19,674.55.
