Mumbai, India (BBN) – The benchmark BSE Sensex was trading lower by about 160 points on sustained capital outflows by foreign funds and heavy selling by retail investors amid a weak trend overseas.
At 10:05am, the 30-share BSE index Sensex was down 157.69 points or 0.6 per cent at 26,084.69 and the 50-share NSE index Nifty was down 46.7 points or 0.58 per cent at 8,014.60, reports The Hindu Business Line.
Among BSE sectoral indices, metal index fell the most by 1.11 per cent, followed by banking 0.97 per cent, infrastructure 0.94 per cent and power 0.92 per cent.
Top five Sensex losers were HDFC (-1.68%), Axis Bank (-1.61%), Adani Ports (-1.57%), M&M (-1.43%) and SBI (-1.23%), while the only two gainers were Sun Pharma (+0.62%) and HUL (+0.34%).
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.