Stock markets trade lower in early deals on FII outflows, weak global trends
Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Monday in-tandem with a weak trend in global markets and persistent foreign fund outflows.
Also, uncertainty over an India-US trade deal weighed on investors’ sentiment, analysts said.
The 30-share BSE Sensex declined 384.39 points to 84,883.27 in early trade. The 50-share NSE Nifty edged lower by 122.9 points to 25,924.05.
From the Sensex firms, Mahindra & Mahindra, Bharti Airtel, Trent, NTPC, Bajaj Finserv and Power Grid were among the major laggards.
However, Asian Paints, Hindustan Unilever, UltraTech Cement, Bharat Electronics and Tata Steel were the gainers.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and…
