Stock Market: Domestic equity benchmark indices fell in early trade on Friday, extending the previous day's sharp decline, as foreign capital outflows continued and tensions in the Middle East escalated. The S&P BSE Sensex fell 354.67 points to 82,142.43, its fifth consecutive day of losses. The NSE Nifty fell 114.1 points to 25,136.
Bajaj Finance, Ultratech Cement, NTPC, State Bank of India, Asian Paints, and Bajaj Finserv were the biggest decliners among the 30 Sensex firms. Tata Consultancy Services, HCL Technologies, IndusInd Bank and HCL Technologies were among the gainers.
According to exchange data, foreign institutional investors sold equities worth Rs 15,243.27 crore on Thursday. Asian markets were mostly higher, with Seoul, Tokyo, and Hong Kong trading in positive territory. Mainland China's markets are closed for a holiday. The U.S. market ended lower on Thursday.
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Brent crude, the global benchmark, fell 0.06% to $77.57 a barrel. The S&P BSE Sensex fell 1,769.19 points, or 2.10%, to 82,497.10 on Thursday, its fourth consecutive decline. On the day, the Nifty fell 1,832.27 points, or 2.17%, to 82,434.02. The Nifty fell 546.80 points, or 2.12%, to 25,250.10.
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The rupee was little changed at 83.96 against the dollar on Friday, as crude oil prices retreated and the greenback weakened against major Asian currencies.
Foreign traders said that the rupee's recovery was hampered by a subdued sentiment in domestic equity markets amid massive outflows of foreign funds over the previous three days. At the interbank foreign exchange market, the local currency opened at 83.96 against the dollar and failed to recover from the sharp fall seen in the previous session. The dollar fell 14 paise to 83.96 against the greenback on Thursday.
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(With PTI's Inputs)