The Sensex fell more than 160 points in early trade on Thursday, mirroring losses in index heavyweights Infosys, HCL Tech, and Reliance Industries, amid ongoing foreign investment outflows and a mixed trend in Asian rivals.

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In early trade, the BSE index was down 164.47 points, or 0.27%, at 59,934.35. Similarly, the Nifty fell 52.45 points, or 0.29%, to 17,885.95.

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Sensex’s biggest loss was Infosys, which fell 1.13%, followed by Asian Paints, HCL Tech, Reliance Industries, Wipro, HDFC, and TCS. On the other hand, PowerGrid, UltraTech Cement, Tata Steel, Bajaj Finserv, Titan and Axis Bank were among the laggards.

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The 30-share BSE Sensex fell 656.04 points, or 1.08%, to 61,308.91 in the previous session. The NSE barometer Nifty fell 174.65 points, or 0.96%, to 17,938.40.

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According to stock exchange statistics, foreign institutional investors (FIIs) were net sellers in the capital market on Wednesday, selling shares worth Rs 2,704.77 crore.

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Elsewhere in Asia, bourses in Hong Kong, Seoul, and Tokyo were up in mid-session trade, while Shanghai was down. In the overnight session, stock exchanges in the United States ended on a negative note.

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Meanwhile, the international oil benchmark Brent crude fell 0.26% to USD 88.21 a barrel. Rupee rises 8 paise to 74.36 against US dollar in early trade.