HomeBusinessBenchmark indices fall in early trade after three days of gains

Benchmark indices fall in early trade after three days of gains

Equity benchmarks fell in early trade on Friday, November 25, 2022, halting their three-day rally amid a largely weak trend in other Asian markets.

In early trade, the 30-share BSE Sensex fell 101.03 points to 62,171.65 points. The broader NSE Nifty fell 24.20 points to 18,459.90.

From the Sensex pack, Bajaj Finance, Nestle, Asian Paints, Hindustan Unilever, Infosys, Titan, Tata Consultancy Services, Power Grid and ITC were among the major laggards.

Larsen & Toubro, Axis Bank, IndusInd Bank and NTPC were among the winners.

In other Asian markets, Seoul, Tokyo and Hong Kong were trading with losses, while Shanghai was trading in the green.

Wall Street was closed on Thursday for a holiday.

“US markets were closed yesterday on account of Thanksgiving holiday,” said Mohit Nigam, Fund Manager & Head-PMS, Hem Securities. Asian markets traded mixed in early trade on Friday as investors turned to American sector after yesterday’s holiday. Looking for the latest news from ,

The 30-share BSE benchmark ended 762.10 points, or 1.24 per cent, higher at 62,272.68, a record closing peak on Thursday. The Nifty closed at a record high of 18,484.10 with a jump of 216.85 points or 1.19 per cent.

International oil benchmark Brent crude was trading 0.23 per cent higher at $85.54 per barrel.

Foreign institutional investors (FIIs) turned buyers after buying shares worth ₹1,231.98 crore on Thursday, according to exchange data.

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