Stock Market: Benchmark stock indices fell in early trade on Monday, dragged down by Reliance Industries and Kotak Mahindra Bank due to weak global market trends. The 30-share BSE Sensex was down 504 points to 80,100.65 in early trade. The NSE Nifty fell 168.6 points to 24,362.30.

Among the Sensex pack, Reliance Industries, Larsen & Toubro,  Kotak Mahindra Bank, IndusInd Bank, ICICI Bank, and Axis Bank were the top losers. NTPC, Shares of UltraTech Cement, HDFC Bank, and Power Grid were among the gainers. HDFC Bank rose 1.57 percent after the company's consolidated net profit increased 33.17 percent to Rs 16,474.85 crore in the June 2024 quarter.

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In Asian markets, Seoul, Tokyo, and Shanghai stocks traded lower, while Hong Kong stocks moved in positive territory. US markets ended lower on Friday. Brent crude, the global benchmark, rose 0.67 percent to $83.18 a barrel.

According to stock exchange data, foreign institutional investors (FIIs) bought shares worth Rs 1,506.12 crore on Friday. The BSE Sensex index hit a new all-time high of 81,587.76 points in early trade on Friday but failed to sustain the winning momentum and fell 738.81 points or 0.91 percent to settle below the 81,000-point mark at 80,604.65 points.

The NSE Nifty index fell 269.95 points or 1.09 percent to close at 24,530.90 after hitting a new record high of 24,854.80 during the opening bell on Friday.

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(With PTI Input)