Mumbai: Equity Benchmark Sensex falls 433 points on Thursday tracking losses on the ICICI Bank index, HDFC and SBI amid increasing inflationary pressures in the global market and the flow of foreign funds.
The 30-stock index ended 433.13 points or 0.72 percent lower at 59,919.69.
Likewise, Nifty fell 143.60 points or 0.80 percent to 17,873.60.
SBI is the top loser in the sensex package, spilling around 3 percent, followed by Bajaj Finserv, Tech Mahindra, Sun Pharma, Bajaj Finance and Axis Bank.
On the other hand, Titan, M & M, the reliance and TCS industry are among control.
“The Indian market is opened on negative records after the mixed Asian market signals and higher inflation data reported in the US increases fears of an increase in interest rates earlier than the world’s largest estimates in the world,” said Narendra Soanki, Head-Equity Research (Fundamental ), Anand Rathi.
Furthermore, he noted that the flow of foreign funds continued to subdue traders’ sentiments.
FII has sold equity worth 5,515 crore so far this month.
Elsewhere in Asia, the Rebound Exchange in Shanghai, Hong Kong and Tokyo ended with an increase, while Seoul was in red.
The main index in Europe traded on a positive note on the middle session agreement.
Meanwhile, Brent Crude’s international oil benchmark rose 0.63 percent to $ 83.16 per barrel.
Sensex slumped 433 points; Nifty fell below 17,900
