Market Open: Sensex falls over 444 points, banks shine

Updated: 06 Dec 2022, 10:18 AM IST

Sensex falls 444.53 points to 62,390.07 in early trade; Nifty declines 123.15 points to 18,577.90

Mumbai: The stock market index on a display screen at the Bombay Stock Exchange (BSE) building in Mumbai, Friday, July 5, 2019. After touching the 40,000-mark in morning trade, the BSE Sensex turned choppy after Finance Minster Nirmala Sitharaman rose to present her maiden Budget. (PTI Photo) (PTI7_5_2019_000223B)(PTI7_5_2019_000256B)

(PTI) Benchmark indices began the trade on a bearish note on Tuesday and traded lower amid weak global market trends and rising crude prices.

Falling for the third day running, the 30-share BSE benchmark tumbled 444.53 points to 62,390.07. The broader NSE Nifty declined 123.15 points to 18,577.90.

Among the Sensex pack, HCL Technologies, Tata Steel, Infosys, Dr Reddy's, Tata Consultancy Services, Sun Pharma, Nestle and Bharti Airtel were the major laggards.

IndusInd Bank, Hindustan Unilever, NTPC, Bajaj Finance and Bajaj Finserv were among the winners.

Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong traded lower, while Tokyo quoted in the green.

Wall Street had ended in the negative territory on Monday.

The BSE benchmark dipped 33.9 points or 0.05 per cent to settle at 62,834.60 on Monday. The Nifty had eked out marginal gains and ended 4.95 points or 0.03 per cent higher at 18,701.05.

International oil benchmark Brent crude was trading 0.57 per cent higher at USD 83.15 per barrel.

Foreign Institutional Investors (FIIs) offloaded shares worth 1,139.07 crore on Monday, as per exchange data.

First Published: 06 Dec 2022, 09:44 AM IST