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.