Opening bell: Sensex in red at 66,048 points; Nifty drops to 19,615

Extending its previous day's fall, the 30-share BSE Sensex went lower by 204.84 points to 66,061.98. The NSE Nifty declined 60.35 points to 19,599.55.

Updated on: Jul 28, 2023, 10:46:46 IST

By HT News Desk

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Equity benchmark indices Sensex and Nifty declined in early trade on Friday amid foreign fund outflows and weak trends in the US markets.

Extending its previous day's fall, the 30-share BSE Sensex went lower by 204.84 points to 66,061.98. The NSE Nifty declined 60.35 points to 19,599.55.

From the Sensex pack, Axis Bank, Bajaj Finserv, NTPC, HDFC Bank, Tata Consultancy Services, JSW Steel, Tech Mahindra, ICICI Bank and Kotak Mahindra Bank were the major laggards.

Mahindra & Mahindra, ITC, Reliance Industries and Wipro were among the gainers.

In Asian markets, Seoul, Shanghai and Hong Kong were trading in the green while Tokyo quoted lower.

The US markets had ended in the negative territory on Thursday.

Meanwhile, global oil benchmark Brent crude was trading 0.40 per cent lower at USD 83.90 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,979.44 crore on Thursday, according to exchange data.

The BSE benchmark had plunged 440.38 points or 0.66 per cent to settle at 66,266.82 on Thursday, while the Nifty declined 118.40 points or 0.60 per cent to close at 19,659.90.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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