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Markets fall in early trade on weak Asian equities

After a weak beginning, the 30-share BSE Sensex declines 164.36 points to 61,708.63 in early trade

Mumbai, November 16

Equity benchmark indices fell in early trade on Wednesday amid weak trend in other Asian markets.

After a weak beginning, the 30-share BSE Sensex declined 164.36 points to 61,708.63 in early trade. The broader NSE Nifty dipped 44.4 points to 18,359.

From the Sensex pack, Tata Steel, Hindustan Unilever, Bajaj Finance, Power Grid, Bajaj Finserv and Asian Paints were the major laggards.

Dr Reddy’s, Maruti, Tata Consultancy Services and UltraTech Cement were among the winners in early trade.

Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong were trading lower.

Wall Street had ended in the positive territory on Tuesday.

The BSE benchmark climbed 248.84 points or 0.40 per cent to settle at 61,872.99 — its lifetime high — on Tuesday. The Nifty advanced 74.25 points or 0.41 per cent to finish at 18,403.40.

International oil benchmark Brent crude was trading 0.25 per cent lower at USD 93.63 per barrel.

Foreign Institutional Investors offloaded shares worth Rs 221.32 crore on Tuesday, as per exchange data.

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