The Sensex fell more than 150 points in early trade on Thursday, mirroring losses in index heavyweights Reliance Industries, HDFC Bank, and ICICI Bank due to persistent foreign money outflows.

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The 30-stock Sensex was down 178.60 points, or 0.30 percent, at 59,234.67. Likewise, the Nifty fell 49.15 points, or 0.28 percent, to 17,662.15.

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Reliance Industries was the Sensex pack’s biggest loss, losing about 1%, followed by PowerGrid, Kotak Bank, Maruti, Bajaj Auto, and Axis Bank. On the other hand, Dr. Reddy, Tata Steel, L&T, NTPC, Bharti Airtel, and HUL were among the winners.

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The 30-share index fell 254.33 points, or 0.43 percent, to 59,413.27 in the previous session, while the Nifty fell 37.30 points, or 0.21 percent, to 17,711.30.

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According to exchange statistics, foreign institutional investors (FIIs) were net sellers in the capital market on Wednesday, offloading shares worth Rs 1,896.02 crore.

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In other Asian markets, Shanghai and Seoul were up, while Hong Kong and Tokyo were down in mid-session trade. Meanwhile, the international oil benchmark Brent crude lost 0.27 percent to USD 77.88 a barrel. Rupee falls 20 paise to 74.34 against US dollar in early trade.