- By Aditya Pratap Singh
- Mon, 09 Sep 2024 10:35 AM (IST)
- Source:JND
Stock Market: The equity benchmark indices declined in early trade on Monday in line with weak trends in the global markets and foreign fund outflows. The 30-share BSE Sensex was trading 281.74 points down at 80,902.19. The NSE Nifty fell 81.45 points to 24,770.70.
Adani Ports, NTPC, Power Grid, Tata Steel, Mahindra & Mahindra, and Tata Motors were the major laggards among the 30 Sensex companies.
Asian Paints, Infosys, Hindustan Unilever, and Tata Consultancy Services were among the gainers.
Stock markets in Seoul, Tokyo, Shanghai, and Hong Kong traded lower in the Asian markets.
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The US markets ended significantly lower on Friday. According to exchange data, foreign institutional investors sold equities worth Rs 620.95 crore on Friday.
"Two factors are likely to weigh on markets: one, the outcome of the US presidential elections and two, the Fed decision on rate cut," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Brent crude, the global benchmark, rose 1.24 percent to $71.94 a barrel. The benchmark BSE Sensex had fallen 1,017.23 points, or 1.24 percent, to 81,183.93 on Friday. The NSE Nifty had shed 292.95 points, or 1.17 percent, to 24,852.15.
(With PTI's Input)