Hindu Business Line file photo
Chennai, India (BBN) – The benchmark BSE Sensex fell nearly 150 points and the NSE index Nifty was trading below the 9,500-mark on fresh capital outflows and weak global cues.
Global stocks fell as investors fled risky assets due to uncertainty over US President Donald Trump’s ability to deliver on his tax and banking reforms and infrastructure spending, reports The Hindu Business Line.
Reports that Trump asked then-Federal Bureau of Investigation Director James Comey to end a probe into the former national security adviser have raised questions over whether Trump tried to interfere with a federal investigation.
At 11.50 a.m., the 30-share BSE index Sensex was down 98.68 points or 0.32 per cent at 30,560.09 and the 50-share NSE index Nifty was down 50.6 points or 0.53 per cent at 9,475.15.
Among BSE sectoral indices, realty index fell the most by 1.82 per cent, followed by capital goods 1.47 per cent, auto 1.3 per cent and metal 1.23 per cent. On the other hand, IT index was up 2.19 per cent and TECk 1.55 per cent.
Top five Sensex losers were L&T (-1.74%), Axis Bank (-1.59%), HUL (-1.59%), Tata Motors (-1.58%) and ITC (-1.37%), while the major gainers were TCS (+3.91%), Wipro (+3.9%), Infosys (+1.69%), Lupin (+1.31%) and Cipla (+0.7%).
EARLY TRADE
The 30-share barometer fell 222.21 points or 0.72 per cent to 30,436.56. The gauge had rallied 470.62 points in the previous three sessions, buoyed by continuous foreign funds inflows and brighter prospects for rains.
Yesterday, the gauge had closed at a fresh lifetime peak of 30,658.77 after climbing to a new intra-day record-high of 30,692.45.
The NSE index Nifty also slumped 77 points or 0.80 per cent, to 9,448.75. Yesterday, it had closed at an all-time high of 9,525.75 after a new intra-day peak of 9,532.60.
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