Markets fall in early trade on unabated foreign fund outflows, Middle East conflict

Falling for the fifth day running, the BSE Sensex dropped 354.67 points to 82,142.43

PTI

Mumbai, Updated At : 05:18 PM Oct 04, 2024 IST

Equity benchmark indices declined in early trade on Friday, extending their previous day's sharp slump, amid unabated foreign fund outflows and spiralling conflict in the Middle East.

Falling for the fifth day running, the BSE Sensex dropped 354.67 points to 82,142.43. The NSE Nifty declined 114.1 points to 25,136.

From the 30 Sensex firms, Bajaj Finance, Asian Paints, NTPC, UltraTech Cement, State Bank of India and Bajaj Finserv were the major laggards.

HCL Technologies, IndusInd Bank, Tata Consultancy Services and HCL Technologies were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 15,243.27 crore on Thursday, according to exchange data.

In Asian markets, Seoul, Tokyo and Hong Kong were trading in the positive territory. Markets in mainland China are closed due to a holiday.