Benchmark indices began the commerce on a weak notice on Thursday, dragged down by index majors Reliance Industries, IT and banking counters amid an general weak international markets pattern.
The BSE benchmark Sensex fell 898.61 factors to 58,638.46 in early commerce. Similarly, the NSE Nifty declined 273.75 factors to 17,485.55.
From the Sensex pack, Infosys, Tata Consultancy Services, Reliance Industries, HDFC, Tech Mahindra, HDFC Bank, Hindustan Unilever, HCL Technologies and ICICI Bank had been among the many main laggards.
Bajaj Finserv, Bharti Airtel, Asian Paints and ExtremelyTech Cement had been among the many gainers.
Elsewhere in Asia, markets in Seoul, Tokyo and Hong Kong had been buying and selling decrease, whereas Shanghai quoted within the inexperienced in mid-session offers.
The US markets had ended decrease on Wednesday.
The 30-share BSE benchmark jumped 1,564.45 factors or 2.70 per cent to settle at 59,537.07 on Tuesday. The broader NSE Nifty superior 446.40 factors or 2.58 per cent to 17,759.30.
Equity markets had been closed on Wednesday on account of Ganesh Chaturthi.
“Domestic equities are likely to drift lower in early trades Thursday, tracking weakness in the Asian pack after the US markets overnight ended weaker,” Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd, mentioned.
Meanwhile, the worldwide oil benchmark Brent crude declined 2.84 per cent to USD 96.49 per barrel.
Foreign institutional buyers (FIIs) purchased shares price Rs 4,165.86 crore on Tuesday, as per change knowledge.