The Sensex fell more than 100 points in early trade on Thursday, mirroring losses in index heavyweights HDFC, Infosys, and Wipro. Foreign fund outflows continued unabated, dealers said, weighing on domestic markets.
In early trade, the BSE index was down 116.47 points, or 0.20%, at 59,441.86. Similarly, the Nifty dropped 33.75 points, or 0.19%, to 17,746.25.
HDFC was the top loser in the Sensex pack, shedding 1.10%, followed by Tech Mahindra, Infosys, Wipro, Bajaj Finance, HCL Tech and Kotak Bank. On the other hand, Titan Asian Paints, ITC, Maruti, SBI and NTPC were among the gainers.
HDFC recorded a standalone net income of Rs 3,261 crore for the three months to December 2021, an increase of 11% from Rs 2,926 crore in the same quarter the previous year.
The 30-share benchmark rose 695.76 points, or 1.18%, to 59,558.33 in the previous session, marking its third straight session of advances. Similarly, the NSE Nifty gained 203.15 points, or 1.16%, to close at 17,780.00.
In other Asian markets, Tokyo was down in mid-session trades, while Seoul was up. Several Asian markets are closed for the Lunar New Year holiday, including China and Hong Kong. In the overnight session, stock markets in the United States concluded with significant gains.
According to stock exchange statistics, foreign institutional investors (FIIs) continued to be net sellers in the capital market on Wednesday, selling shares worth Rs 183.60 crore.
Meanwhile, Brent crude, the international oil benchmark fell 0.27% to USD 89.23 a barrel. In early trade, the rupee falls 8 paise to 74.91 against the US dollar.