BSE benchmark sensex drops over 200 points in early trade

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MUMBAI: BSE benchmark Sensex dropped over 200 points in early trade on Friday. 

 

The 30-share index was trading 140.62 points, or 0.38 per cent, lower at 36,830.47.

Similarly, the 50-share NSE Nifty dropped 33.40 points or 0.30 per cent to 11,036.00.

On Thursday, the Sensex ended 4.14 points, or 0.01 per cent, lower at 36,971.09, while the broader Nifty settled 6.95 points or 0.06 per cent, higher at 11,069.40.

In the morning session on Friday, Tata Motors was the biggest losers on both indices, cracking over 14 per cent.

This is the third consecutive quarterly loss reported by the company, which had registered a net profit of Rs 1,214.6 crore in the October-December quarter of 2017-18.

Other losers include Sun Pharma, Vedanta, L&T, SBI, ICICI Bank, M&M, Tata Steel, Infosys, HDFC and Tata Steel, falling up to 1.58 per cent.

On the other hand, PowerGrid, HCL Tech, IndusInd Bank, Bajaj Finance, NTPC, Coal India and RIL were the top gainers, rising up to 1.38 per cent.

On a net basis, foreign portfolio investors (FPIs) bought shares worth a net of Rs 418.01 crore Thursday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 294.11 crore, provisional data available with BSE showed.

Meanwhile, the rupee appreciated 5 paise against US dollar to 71.40.

The benchmark Brent crude futures slipped 0.46 per cent to USD 61.17 per barrel.

 

With inputs from PTI

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