Indian equity benchmarks Sensex and Nifty fell sharply in early trade, snapping a three-day rally, as IT stocks dragged markets amid foreign fund outflows, weak global cues and investor caution ahead of the Union Budget on February 1
Indian equities opened lower on Tuesday, with Sensex and Nifty slipping amid sustained foreign fund outflows and weak global cues. Select banking, metal and cement stocks dragged markets, despite gains in telecom, ports and auto shares during early morning trade
The rupee weakened 23 paise to 89.94 against the US dollar in early trade amid foreign fund outflows, weak domestic equities and rising crude oil prices, with thin holiday volumes and trade deal uncertainty weighing on market sentiment
Indian equities opened lower as Sensex and Nifty fell amid persistent foreign fund outflows, weak global cues and risk-off sentiment. Asian and US markets declined, while select stocks gained. FIIs sold, DIIs supported, limiting deeper downside during early Tuesday trade
The rupee fell 9 paise to a record low of 90.58 against the US dollar amid uncertainty over an India US trade deal and sustained foreign fund outflows. Weak equities and cautious investor sentiment added pressure on the domestic currency
The BSE Sensex dropped 156.72 points to 77,423.59 in early trade, while the NSE Nifty fell 64.25 points to 23,468.45. Key laggards from the 30-share Sensex included Infosys, Tech Mahindra, HCL Technologies, TCS, NTPC, Axis Bank, Tata Motors, and IndusInd Bank.
The 30-share BSE Sensex fell for the third consecutive day, dropping 233.98 points to 81,967.18 in early trade. The NSE Nifty decreased by 60 points to 25,085.10. Major laggards among the Sensex firms included State Bank of India, UltraTech Cement, Reliance Industries, NTPC, ICICI Bank, and Titan.
