Mumbai. Domestic stock markets Sensex and Nifty registered a decline in early trading on Monday. Investor sentiment declined due to continued outflows of foreign capital, fears of further increase in US tariffs on Indian exports and geopolitical uncertainties.
BSE Sensex fell 455.35 points to 83,120.89 in early trade while NSE Nifty slipped 135.35 points to 25,547.95. Among the 30 companies included in the Sensex, shares of Bharat Electronics, Larsen & Toubro, Eternal, Power Grid, Adani Ports, Infosys, Reliance Industries and Bajaj Finance were the biggest losers. At the same time, shares of Hindustan Unilever, Asian Paints, Axis Bank and State Bank of India rose.
Sensex has fallen 2,185.77 points while Nifty has fallen 645.25 points in the last five trading sessions. In Asian markets, South Korea’s Kospi, China’s SSE Composite and Hong Kong’s Hang Seng were in the lead. US markets closed on a positive note on Friday.
The price of international standard Brent crude stood at $ 63.49 per barrel with an increase of 0.24 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Friday and sold shares worth a net Rs 3,769.31 crore. On the other hand, domestic institutional investors (DIIs) bought shares worth Rs 5,595.84 crore.
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