Sensex falls over 200 points in early trade; Skilled Tests 18,000

Business

Under the Sensex pack, 17 stocks traded for profit while the remaining 13 scrips, including the HDFC twins, slipped into negative territory

Under the Sensex pack, 17 stocks traded for profit while the remaining 13 scrips, including the HDFC twins, slipped into negative territory

Stock benchmark Sensex fell over 200 points in early trade on Tuesday, and saw losses in index heavyweights HDFC Twins, Reliance and Infosys as profit bookings emerged at higher valuations amid mixed global clues.

The 30 piece Sensex and the wider Nifty saw a lot of volatility in the early deals.

The 30-stock BSE barometer traded 212.43 points, or 0.35% lower, at 60,399.31 in opening trade. Similarly, the broader NSE Nifty fell 49.95 points, or 0.28%, to 18,003.45.

From the 30-stock block, the top laggards included HDFC Bank, HDFC, Kotak Mahindra Bank, Bajaj Finance, State Bank of India, Bajaj Finserv, Nestle India, Axis Bank, Reliance, and ICICI Banks.

On the other hand, Tech Mahindra, Titan, HCL Tech and TCS traded in the green.

Under the Sensex pack, 17 stocks traded for profit while the remaining 13 scrips, including the HDFC twins, slipped into negative territory.

Both HDFC and HDFC Bank were down over 1% to ₹2,644.30 and ₹1,634.30 respectively.

On Monday, the Sensex surged 1,335.05 points, or 2.25%, to close at a two-month high of 60,611.74 points, while the Nifty 50 rose 382.95 points, or 2.17%, to 18,053.40 points.

Meanwhile, international oil benchmark Brent rose 1.29% to $108.92 a barrel.

Asian markets saw mixed trends as Japan’s benchmark Nikkei 225 traded slightly lower, while Hong Kong’s Hang Seng and South Korea’s Kospi indices were in positive territory.

On Monday, major US indices ended the day with gains.

Overseas portfolio investors pumped more than £1,150 billion into shares on Monday amid a market rally.

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