SENSEX, NIFTY extend losses into 3rd session on foreign fund outflow

Equity benchmark indices SENSEX and NIFTY stayed on the back foot for the third straight session on Wednesday as investors offloaded utility, capital goods and metal stocks amid foreign fund outflows.

The 30-share BSE benchmark SENSEX tumbled 502.25 points or 0.62% to settle at 80,182.20, taking its downtrend to the third day. During the day, it tanked 634.38 points or 0.78% to 80,050.07.

The NIFTY50 declined 137.15 points or 0.56% to 24,198.85.

From the 30-share blue-chip pack, Tata Motors, Power Grid, NTPC, Adani Ports, JSW Steel, ICICI Bank, Larsen & Toubro and Bajaj Finance were the main laggards.

In contrast, Tata Consultancy Services, Reliance Industries, Tech Mahindra and HCL Technologies were the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹6,409.86 crore on Tuesday, according to exchange data.

In Asian markets, Seoul, Shanghai and Hong Kong settled higher, while Tokyo ended lower.

European markets were trading in the positive territory in mid-session deals. Wall Street ended lower on Tuesday.

Global oil benchmark Brent crude climbed 0.48% to $73.67 a barrel.

Falling for the second day in a row, the BSE benchmark tanked 1,064.12 points or 1.30% to settle at 80,684.45 on Tuesday. The NIFTY tumbled 332.25 points or 1.35% to 24,336.