Mumbai, India (BBN) – The benchmark BSE Sensex was trading lower by over 210 points on sustained capital outflows by foreign funds and heavy selling by retail investors amid a weak trend overseas.
Heavy FII outflows ahead of key US and ECB economic data later today, coupled with mute sentiment ahead of holidays, dampened the trading sentiment, reports The Hindu Business Line.
At 11:25am, the 30-share BSE index Sensex was down 211.98 points or 0.81 per cent at 26,030.40 and the 50-share NSE index Nifty was down 67.8 points or 0.84 per cent at 7,993.50.
Among BSE sectoral indices, metal index fell the most by 2.51 per cent, followed by infrastructure 1.69 per cent, PSU 1.48 per cent and capital goods 1.42 per cent.
Top five Sensex losers were Tata Steel (-3.09%), SBI (-2.29%), Adani Ports (-2.25%), ONGC (-1.96%) and Bharti Airtel (-1.75%), while the only two gainers were HUL (+0.45%) and Sun Pharma (+0.1%).
The 30-share index declined by 70.93 points or 0.27 per cent to hit a one-month low of 26,171.45. The gauge had lost 455.44 points in the past six sessions.
The NSE Nifty too fell 30.10 points or 0.37 per cent to 8,031.20.
Brokers said sentiment remained subdued in the absence of any positive trigger amid sustained capital outflows by foreign funds in view of the approaching year-end.
Besides, losses at other Asian markets, weighed down by a decline on Wall Street and worries over European banks dampened sentiments here, they added.