Sensex opens in red, Nifty at 18,166 | Business Upturn

Sensex opens in red, Nifty at 18,166

Early in the session, the Sensex and Nifty trade down.


Early today’s trading saw a fall in equity benchmarks due to erratic movements in Asian markets and ongoing withdrawals of foreign funds.

The 30-share BSE Sensex lost 159.01 points, or 0.78 percent, to reach 61,008.78. The NSE Nifty index as a whole fell 47.65 points to 18,149.80.

The top laggards from the Sensex pack were Reliance Industries, Bharti Airtel, Hindustan Unilever, ITC, Mahindra & Mahindra, Tata Steel, Nestle, and HDFC.

Among the winners were Asian Paints, Bajaj Finance, Axis Bank, Tata Motors, Tech Mahindra, State Bank of India, Tata Consultancy Services, and Kotak Mahindra Bank.

In other parts of Asia, Shanghai and Hong Kong’s stock exchanges quoted higher while Seoul’s equity markets traded lower.

On Monday, markets in the US were closed.

The BSE benchmark increased 327.05 points or 0.54 percent on Monday to close at 61,167.79. To finish at 18,197.45, the Nifty gained 92.15 points, or 0.51 percent.

Benchmark Brent crude for international oil prices fell 0.27 percent to USD 85.68 per barrel.

According to exchange data, foreign institutional investors (FIIs) sold shares worth 212.57 crore on Monday.