Markets fall in early trade; Sensex declines nearly 420 points
Equity benchmarks fell in early trade on Monday with the Sensex declining nearly 420 points amid mixed global market trends.
The 30-share BSE benchmark, which had started the trade on a weak note, further fell 419.69 points to 59,226.46. The broader NSE Nifty declined 140.6 points to 17,617.85.
Foreign Institutional Investors (FIIs) turned net buyers as they bought shares worth Rs 1,110.90 crore on Friday, according to exchange data.
“A weak opening for domestic equity market indices is on the cards on Monday, after the US markets continued their descent on Friday while other Asian peers too are displaying a sluggish to negative trend in today’s early trade,” Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd had said in his pre-market opening comment.
