Sensex dips 400 points while Nifty around 15,650 in early trade
Sensex was 399.69 points down at 52,619.25 while Nifty fell 130.25 points to 15,650
Rupee fell 5 paise to a record low of 79.11 against the US dollar
Brent crude fell 1.25% to USD 114.81 per barrel
Key indices began the day on a sour note on Friday, with the Sensex losing nearly 400 points in early trade due to negative global market trends. Sensex was 399.69 points down at 52,619.25. The Nifty fell 130.25 points to 15,650.
Dr Reddy's Laboratories, Titan, HDFC, Kotak Mahindra Bank, HDFC Bank, Bharti Airtel, State Bank of India, and ICICI Bank were the top laggards in the Sensex pack.
Gainers included Asian Paints, ITC, Tata Steel, Bajaj Finserv, Tech Mahindra, and Power Grid.
Elsewhere in Asia, markets in Tokyo, Seoul and Shanghai were trading lower in mid-session deals. Stocks fell more on Wall Street on Thursday, as the market finished its worst quarter since the pandemic began in early 2020.
The S&P 500 lost 0.9% for the fourth time in a row. The benchmark index is currently down 21% from its all-time high at the start of the year. It entered a bear market in early June.
On Thursday, the Sensex fell 8.03 points, or 0.02%, to 53,018.94. The NSE Nifty dropped 18.85 points, or 0.12%, to 15,780.25.
Foreign institutional investors (FIIs) sold shares worth a net Rs 1138.05 crore, while domestic institutional investors (DIIs) purchased shares worth a net Rs 1378.2 crore in the Indian equity market on June 30, as per provisional data available on the NSE.
Meanwhile, the international oil benchmark Brent crude fell 1.25% to USD 114.81 per barrel. In early trade on Friday, the rupee fell 5 paise to a record low of 79.11 against the US dollar, as continued foreign money outflows impacted market sentiment.