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April 25, 2024 1:28 am

Sensex and Nifty decline in early trade

Mumbai, December 16

Equity benchmarks Sensex and Nifty declined in early trade on Friday amid weak trend in global markets and sell-off in IT counters.

The 30-share BSE benchmark index fell 385.38 points to 61,413.65 in early trade. The broader NSE Nifty declined 115.35 points to 18,299.55.

From the Sensex pack, Tata Consultancy Services, Wipro, HCL Technologies, Infosys, ITC, Kotak Mahindra Bank and Mahindra & Mahindra were the major laggards.

Larsen & Toubro, Reliance Industries, Power Grid, Bharti Airtel, Axis Bank and UltraTech Cement were among the winners.

Elsewhere in Asia, equity markets in Seoul, Tokyo and Shanghai were trading lower, while Hong Kong quoted in the green.

The US markets had ended sharply lower on Thursday.

Foreign institutional investors offloaded shares worth Rs 710.74 crore on Thursday, according to exchange data.

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