MUMBAI: Equity benchmark indices Sensex and Nifty tumbled on Tuesday amid persistent foreign fund outflows and weak trends in Asian and European markets.
The 30-share BSE Sensex dropped 519.34 points, or 0.62 per cent, to settle at 83,459.15. During the day, it tanked 565.72 points, or 0.67 per cent, to 83,412.77.
The 50-share NSE Nifty declined 165.70 points, or 0.64 per cent, to 25,597.65.
Among Sensex firms, Power Grid, Eternal, Tata Motors, Tata Steel, Maruti and Bharat Electronics were major laggards. However, Titan, Bharti Airtel, Bajaj Finance, Mahindra & Mahindra, and State Bank of India were gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs1,883.78 crore on Monday, according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth Rs3,516.36 crore in the previous trade.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng settled lower. Markets in Europe were trading in negative territory on Monday, while US markets ended mostly higher.
Global oil benchmark Brent crude declined 1.34 per cent to $64.02 a barrel.
On Monday, the Sensex inched up 39.78 points, or 0.05 per cent, to settle at 83,978.49. The Nifty eked out a marginal gain of 41.25 points, or 0.16 per cent, to end at 25,763.35.
