Mumbai: Share benchmark Sensex fell more than 400 points in opening trading on Friday, trailing heavy selling pressure across the counters amid a negative trend in global markets. The BSE index traded 434.59 points or 0.71 percent lower at 60,800.71 in early trading. Similarly, the Nifty fell 111.10 points or 0.61 percent to 18,146.70.
HCL Tech was the biggest loser in the Sensex pack, losing 2.49 percent, followed by Asian Paints, HDFC, Axis Bank, Wipro, HUL and Tech Mahindra. On the other hand, Reliance Industries, Maruti, Titan and Bajaj Finance were the only winners in the pack.
In the previous session, the 30-share BSE Sensex finished 85.26 points or 0.14 percent higher at 61,235.30. Similarly, the NSE Nifty rose 45.45 points or 0.25 percent to 18,257.80. Elsewhere in Asia, exchanges in Shanghai, Hong Kong, Tokyo and Seoul traded heavy losses in mid-session deals.
Asian stocks fell Friday after a slew of Federal Reserve officials said they would fight inflation aggressively and the Nasdaq 100 fell to its lowest level since October, said Deepak Jasani, head of retail research, HDFC Securities. “U.S. stocks closed on Thursday as a rally in technology stocks ground to a halt, breaking a three-day winning streak for the Nasdaq Composite,” he added.
Stocks in the US ended the overnight session on a negative note. Meanwhile, the international oil benchmark Brent oil fell 0.15 percent to $84.34 a barrel.
Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 1,390.85 crore on Thursday, according to stock market data.
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