In early trading on Thursday, benchmark indices declined, following the weak trends in Asian markets and foreign fund outflows. The 30-share BSE Sensex fell by 149.41 points to 78,524.84 after reaching a new all-time high of 78,771.64. The Nifty also dropped by 47.45 points to 23,821.35.
Among the 30 Sensex companies, Mahindra & Mahindra, Tech Mahindra, Larsen & Toubro, HCL Technologies, Maruti, Bharti Airtel, Tata Consultancy Services, and Nestle were the biggest losers. On the other hand, UltraTech Cement, JSW Steel, Tata Steel, and Reliance Industries were among the gainers.
Asian markets in Seoul, Tokyo, Shanghai, and Hong Kong were trading lower, while US markets ended in positive territory on Wednesday.
According to exchange data, Foreign Institutional Investors (FIIs) sold off equities worth Rs 3,535.43 crore on Wednesday. Global oil benchmark Brent crude saw a 0.21% decline, reaching USD 85.07 a barrel.
The BSE benchmark Sensex surged 620.73 points or 0.80% to settle at a new closing peak of 78,674.25 on Wednesday. During the day, it rallied 705.88 points or 0.90% to hit a fresh all-time high of 78,759.40. The Nifty also rose by 147.50 points or 0.62% to settle at a record closing peak of 23,868.80 and reached a fresh lifetime high of 23,889.90 during intra-day trading.
