MUMBAI: Equity benchmark Sensex tumbled over 900 points in early trade on Tuesday tracking losses in major indices Wipro, RIL and HDFC Bank amid a weak trend in Asian markets. Besides, frenetic foreign capital outflows also impacted domestic equities, even as concerns about a potentially aggressive monetary policy tightening by the US Federal Reserve deepened, traders said.
The BSE gauge was trading at 56,586.35, down 905.16 points or 1.57 per cent in early trade. Similarly, Nifty closed at 16,895.30, down 253.80 points or 1.48 per cent. Asian Paints was the top loser in the Sensex pack, falling 4.38 per cent, followed by Wipro, Tech Mahindra, L&T, Reliance Industries and HDFC Bank.
On the other hand, Axis Bank, Bharti Airtel and PowerGrid were among the gainers. In the previous session, the 30-share index had closed at 57,491.51, down 1,545.67 points or 2.62 per cent. Similarly, the NSE Nifty ended 468.05 points or 2.66 per cent lower at 17,149.10.
Elsewhere in Asia, shares in Hong Kong, Seoul, Shanghai and Tokyo were trading with losses in mid-session deals amid rising geopolitical uncertainty over the Russia-Ukraine conflict. Stock exchanges in the US ended on a positive note in the overnight session.
Meanwhile, international oil benchmark Brent crude rose 0.85 per cent to $87.00 a barrel. Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 3,751.58 crore on Monday, according to stock exchange data.
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