Sensex, Nifty plunge in early trade dragged by Reliance Industries

Relentless selling by foreign investors also dampens the sentiments in the equity market

PTI

Mumbai, Updated At : 10:14 AM Nov 04, 2024 IST

Benchmark equity indices Sensex and Nifty tumbled in early trade on Monday dragged down by Reliance Industries and cautious investors' sentiment ahead of the US presidential elections and Federal Reserve interest rate decision.

Relentless selling by foreign investors also dampened the sentiments in the equity market.

The BSE Sensex tumbled 665.27 points to 79,058.85 in early trade. The NSE Nifty tanked 229.4 points to 24,074.95.

From the 30-share Sensex pack, Sun Pharma, Reliance Industries, Infosys, Tata Motors, Infosys, Titan, Maruti and NTPC were among the major laggards.

Mahindra & Mahindra, Tech Mahindra, HCL Technologies and IndusInd Bank were the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 211.93 crore on Friday, according to exchange data.

In Asian markets, Seoul, Shanghai and Hong Kong were trading higher.

The US markets ended in the positive territory on Friday.