Sensex falls over 200 points while Nifty near 17,480 in early trade

The Sensex fell more than 220 points in early trade on Friday, mirroring losses in index heavyweights Wipro, TCS, Infosys, and RIL amid a mixed global market trend. Foreign capital outflows have also had an impact on market mood, according to traders.

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In early trade, the BSE index was down 220.21 points, or 0.37%, at 58,567.81. Similarly, the Nifty dropped 72.85 points, or 0.41%, to 17,487.35.

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Titan was the top loser in the Sensex pack, shedding 1.39%, followed by Wipro, TCS, Infosys, Reliance Industries, HCL Tech and HDFC. On the other hand, Tata Steel, PowerGrid, Sun Pharma, ITC and NTPC were among the gainers.

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The broader indices were trading in green with the BSE Midcap index rising 0.05%, while the Small cap index was up by 0.38%.

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The top gaining sectoral indices on the BSE were Metal up by 1.87%, Basic Materials up by 1.15%, PSU up by 0.63%, Utilities up by 0.61%, Power up by 0.50%, while Realty down by 0.92%, FMCG down by 0.37%, Energy down by 0.33%, Auto down by 0.28%, Consumer discretionary down by 0.24% were the top losing indices on BSE.

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The 30-share index fell 770.31 points, or 1.29%, to 58,788.02 in the previous session. Likewise, the NSE Nifty fell 219.80 points, or 1.24%, to 17,560.20.

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Elsewhere in Asia, bourses in Hong Kong and Seoul were up in mid-session trade, while Tokyo was down. For the Lunar New Year holiday, Chinese exchanges are closed. In the overnight session, stock markets in the United States concluded with significant losses.

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According to stock exchange statistics, foreign institutional investors (FIIs) continued to be net sellers in the capital market on Thursday, selling shares worth Rs 1,597.54 crore.

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Meanwhile, Brent crude, the international oil benchmark, increased 0.44% to USD 91.51 per barrel. In early trade, the rupee rises 17 paise to 74.71 against the US dollar.