Published On : Thu, Feb 3rd, 2022
By Nagpur Today Nagpur News

Sensex drops over 100 pts in early trade

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Equity benchmark Sensex declined over 100 points in opening trade on Thursday, tracking losses in index majors HDFC, Infosys and Wipro. Unabated foreign fund outflows weighed on domestic equities, traders said.

The BSE gauge was trading 116.47 points or 0.20 per cent lower at 59,441.86 in early trade.

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Likewise, the Nifty fell 33.75 points or 0.19 per cent to 17,746.25. HDFC was the top loser in the Sensex pack, shedding 1.10 per cent, followed by Tech Mahindra, Infosys, Wipro, Bajaj Finance, HCL Tech and Kotak Bank. On the other hand, Titan Asian Paints, ITC, Maruti, SBI and NTPC were among the gainers.

HDFC on Wednesday reported a standalone net income of Rs 3,261 crore for the three months to December 2021, logging in an 11 per cent growth over Rs 2,926 crore in the same quarter of the previous year.

In the previous session, the 30-share benchmark climbed 695.76 points or 1.18 per cent to finish at 59,558.33 — its third straight session of gains. Likewise, the broader NSE Nifty jumped 203.15 points or 1.16 per cent to end at 17,780.00.

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