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Stock markets: Sensex falls 218 points, Nifty declines 97 points to 22,404 in early trade

In the early trade, the 30-share BSE Sensex fell 218.11 points to 73,787.83 in early trade. The Nifty declined 97.45 points to 22,404.55.

Edited By: Anurag Roushan @Candid_Tilaiyan Mumbai Updated on: May 21, 2024 10:40 IST
Stock markets updates: Sensex, Nifty decline
Image Source : INDIA TV Stock markets updates for May 21.

Stock markets update: Equity benchmark indices declined in early trade on Tuesday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 218.11 points to  73,787.83 in early trade. The Nifty declined 97.45 points to 22,404.55. 

Major gainers and laggards

Among the Sensex components, Nestle, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Hindustan Unilever and ICICI Bank were the major laggards. Tata Steel, Power Grid, Tata Steel and Asian Paints were among the gainers. In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory. Wall Street ended mostly higher on Monday.

Rupee against dollar 

Global oil benchmark Brent crude declined 0.56 per cent to USD 83.24 a barrel. The BSE benchmark climbed 88.91 points or 0.12 per cent to end at 74,005.94 in a special trading session on Saturday. The NSE Nifty advanced 35.90 points or 0.16 per cent to 22,502.

The rupee appreciated by 6 paise to 83.31 against the US dollar on Tuesday amid softening crude oil prices in the international market. Forex traders said, however, the local unit faced some resistance due to subdued sentiment in the domestic equity market and a stronger American currency. At the interbank foreign exchange market, the local unit opened strong at 83.32 and inched up further to trade at 83.31 against the greenback, registering a gain of 6 paise from its previous closing level.

(With PTI inputs)

ALSO READ: SBI hikes fixed deposit interest rates up to 75 basis points, list of new rates released | Check here

 

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