Mumbai. Domestic stock markets witnessed a decline in early trade on Friday due to selling in companies in banking, finance and metals sectors. The 30-share BSE Sensex opened 212.58 points down at 77,631.94. Domestic stock markets fell in early trade on Friday due to rising geopolitical tensions in West Asia and rising oil prices.
Withdrawal of foreign capital and weak trend in global markets also further weakened investor confidence. BSE Sensex fell 353.50 points to 77,491.02 in early trade and NSE Nifty slipped 109.25 points to 24,225.20.
After this there was further decline. Sensex fell 536.66 points to 77,331.75 and Nifty fell 166.95 points to trade at 24,170.80. Among the 30 companies included in the Sensex, shares of Mahindra & Mahindra, Axis Bank, HDFC Bank, Eternal, Bajaj Finance and Tata Steel were among the losers. Shares of Asian Paints, Tech Mahindra, Adani Ports and HCL Tech registered gains.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng are trading with losses. American markets also closed with a decline on Thursday. The price of international standard Brent crude stood at $ 101.3 per barrel with an increase of 1.19 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Thursday and sold shares worth Rs 340.89 crore. On Thursday, Sensex closed with a fall of 0.15 percent and Nifty with a fall of 0.02 percent.
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