Indian equity markets fall in early trade amid weak global cues

PTI, Oct 17, 2022, 11:56 AM IST

Representative Image (Source: Shutterstock)

Mumbai: Equity benchmark indices fell in early trade on Monday amid weak global market trends and continuous foreign fund outflows.

The 30-share BSE Sensex fell 137.84 points to 57,782.13 in early trade. Similarly, the broader NSE Nifty declined 52.75 points to 17,132.95.

Among the Nifty components, Mahindra & Mahindra, Adani Enterprises, JSW Steel, and Larsen & Toubro were the major laggards.

On the other hand, Bajaj Auto, State Bank of India, ICICI Bank, and Eicher Motors were among the winners in early trade.

In Asia, markets in Tokyo, Shanghai, and Hong Kong quoted lower, while Seoul traded higher.

Wall Street had ended significantly lower on Friday.

Volatility is likely to be the hallmark as Nifty bulls brace for rough sessions in the near term as things do not look pretty good right now at Dalal Street, said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd.

The BSE benchmark had jumped 684.64 points or 1.20 percent to settle at 57,919.97 on Friday. The Nifty climbed 171.35 points or 1.01 percent to 17,185.70.

International oil benchmark Brent crude was trading 0.59 percent higher at USD 92.17 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the Indian capital market on Friday as they offloaded shares worth Rs 1,011.23 crore, as per exchange data.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

CM Siddaramaiah holds pre-session meeting, directs ministers, officials to come prepared

Anant-Radhika wedding: QR Code, colour-coded wristbands, standby medical teams secured year’s most extravagant marriage

Bus fare hike inevitable, says KSRTC chairman

Red alert for Dakshina Kannada and Udupi districts on July 15

After Valmiki scam, illegal fund transfer scam hits Wakf Board; complaint lodged

ST Corporation scam, Cauvery water sharing issue may rock Karnataka legislature session

Ratna Bhandar of Puri’s Jagannath temple reopened after 46 years

Related Articles More

Govt may introduce insurance laws amendment bill in Budget session

Trading activity to hinge on Q1 results, global trends in holiday-shortened week: Analysts

Softbank exits Paytm at loss of around USD 150 mn

Direct tax mop-up rises 20 pc to Rs 5.74 lakh cr on higher corporate advance tax

Bengaluru Tech Summit to be held in November


Mulbagal Dosa Vasavi Food Point

Donald Trump

Elephant attack

Anant Ambani Wedding

BJP & Congress members clash

Latest Additions

UP BJP seeks apology from Rahul over ‘Hindu’ remark

Jaishankar congratulates UAE’s Abdullah bin Zayed, Hamdan Bin Mohammed on becoming Dy PMs

Overconfidence hurt BJP’s hopes in Lok Sabha polls: Adityanath at party meeting

Cauvery issue: Will release 8,000 cusecs water to TN, says K’taka CM Siddaramaiah

3 arrested for posing as BSES officials, ‘extorting’ money: Police

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.