The Sensex has dropped nearly 150 points in early trading, while the Nifty has fallen below 17,780
The Sensex fell nearly 150 points in early trade on Wednesday, tracking weakness in index heavyweights Reliance Industries, TCS, and Infosys amid a mixed trend in global markets.
Following a positive start, key stock indices began to fall in early trade.
In early trade, the 30-share index was down 147.95 points, or 0.25 percent, at 59,933.31. Likewise, the Nifty fell 30.40 points, or 0.17 percent, to 17,774.85.
HCL Tech was the Sensex pack’s biggest loser, losing more than 2%, followed by Tech Mahindra, Wipro, Infosys, IndusInd Bank, TCS, and Reliance.
Bajaj Finance, Bajaj Finserv, UltraTech Cement, ICICI Bank, and HDFC Bank, on the other hand, were among the gainers.
The 30-share BSE Sensex closed the previous session at 59,855.93, up 672.71 points or 1.14 percent. Similarly, the NSE Nifty rose 179.55 points, or 1.02 percent, to 17,805.25.
Elsewhere in Asia, bourses in Shanghai, Seoul, and Hong Kong were down in mid-session trade, while Tokyo was up.
In the overnight session, stock exchanges in the United States ended on a mixed note.
Meanwhile, Brent crude fell 0.39 percent to USD 79.69 per barrel on the international oil market.
According to stock exchange data, foreign institutional investors (FIIs) were net buyers in the capital market on Tuesday, purchasing shares worth Rs 1,273.86 crore.
