The Sensex fell more than 200 points in early trade on Monday, reflecting losses in index heavyweights Wipro, Bajaj Finserv, and Infosys amid a broadly bearish trend in global markets.

Also Read | Stock market midday report: Sensex down 1082 points, Nifty around 17,200

Furthermore, dealers stated that ongoing foreign money outflows placed pressure on domestic markets.

In early trade, the BSE index was down 233.53 points, or 0.40%, at 58,803.65. Similarly, the Nifty dropped 73.70 points, or 0.42%, to 17,543.45.

Also Read | NSE F&O Ban: Nalco, BHEL, Vodafone Idea and others under ban today

Asian Paints was the Sensex pack’s biggest loss, falling 2.44%, followed by Tech Mahindra, Wipro, Bajaj Finserv, Infosys, HCL Tech, and Bajaj Finance. On the other hand, PowerGrid, Maruti, ICICI Bank, Reliance Industries and Bharti Airtel were among the gainers.

Also Read | Crypto news daily: Bitcoin data and price analysis for January 24, 2022

The 30-share index fell 427.44 points, or 0.72%, to 59,037.18 in the previous session. Likewise, the NSE Nifty fell 139.85 points, or 0.79%, to 17,617.15.

Elsewhere in Asia, bourses in Hong Kong, Seoul, and Tokyo were down in mid-session trade, while Shanghai was up. In the overnight session on Friday, stock markets in the United States concluded with heavy losses.

Also Read | Gold, silver and other metal prices on Monday, January 24, 2022

According to stock exchange statistics, foreign institutional investors (FIIs) continued to be net sellers in the capital market on Friday, selling shares worth Rs 3,148.58 crore.

Also Read | Fuel prices: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on January 24, 2022

Meanwhile, Brent crude, the international oil standard, increased 0.92% to USD 88.70 per barrel. In early trade, the rupee falls 3 paise to 74.46 against the US dollar.