Markets open in red; Sensex falls to 59,235, Nifty at 17,662

Fairness benchmark Sensex dropped over 150 factors in early commerce on Thursday, monitoring losses in index majors Reliance Industries, HDFC Financial institution and ICICI Financial institution amid sustained international fund outflow.

The 30-share Sensex was buying and selling 178.60 factors or 0.30 per cent decrease at 59,234.67. Equally, the Nifty declined 49.15 factors or 0.28 per cent to 17,662.15.

Reliance Industries was the highest loser within the Sensex pack, shedding round 1 per cent, adopted by PowerGrid, Kotak Financial institution, Maruti, Bajaj Auto and Axis Financial institution.

Then again, Dr Reddy’s, Tata Metal, L&T, NTPC, Bharti Airtel and HUL have been among the many gainers.

Within the earlier session, the 30-share index closed 254.33 factors or 0.43 per cent decrease at 59,413.27, and Nifty declined 37.30 factors or 0.21 per cent to 17,711.30.

Overseas institutional traders (FIIs) have been web sellers within the capital market as they offloaded shares value ₹1,896.02 crore on Wednesday, as per alternate information.

Elsewhere in Asia, bourses in Shanghai and Seoul have been buying and selling with positive aspects, whereas Hong Kong and Tokyo within the purple in mid-session offers.

In the meantime, worldwide oil benchmark Brent crude fell 0.27 per cent to USD 77.88 per barrel.