Sensex fell more than 200 points due to profit recovery, Nifty also below 18,400

Mumbai, October 20 (Agency)

The Sensex fell over 200 points in early trade on Wednesday on losses in shares of TCS, Bajaj Finance and Axis Bank and investors booking profits. The 30-share index was trading at 61,506.59, down 209.46 points or 0.34 per cent in opening deals. Similarly, Nifty was down 85.45 points or 0.46 per cent at 18,333.30. Bajaj Finance was the biggest loser in the Sensex with a fall of two per cent. It was followed by IndusInd Bank, Bajaj Finserv, Bajaj Auto, Tata Steel and Axis Bank.

On the other hand, Nestle India, HUL, Bharti Airtel, Asian Paints and HCL Tech were among the gainers. In the previous session, the 30-share index was down 49.54 points or 0.08 per cent at 61,716.05 and the Nifty was down 58.30 points or 0.32 per cent at 18,418.75. Foreign institutional investors (FIIs) were net sellers in the capital market and sold shares worth Rs 505.79 crore on Tuesday, according to stock market data. According to market experts, investors are booking profits at every peak, which is increasing the volatility in the market. Among other major Asian stock markets, Hong Kong, Shanghai and Tokyo were trading with gains in mid-session deals, while Seoul was trading in losses. Meanwhile, international oil benchmark Brent crude fell 0.52 per cent to $84.64 per barrel.

Get up to date latest breaking news from India and Global including current headlines on business, politics, entertainment and much more.

Latest news

Related news