Sensex Down 600 Points Amid Weak Global Cues, Nifty Trades Below 17,450

Asian Paints was the top loser in the Sensex pack, shedding 2.44 per cent, followed by Tech Mahindra, Wipro, Bajaj Finserv, Infosys, HCL Tech, and Bajaj Finance

Midcap and smallcap shares were in the negative zone as Nifty Midcap 100 index fell 1.42 per cent and small-cap shares were trading 2.09 per cent lower. Image: Getty

New Delhi: The key Indian equity benchmarks on Monday started trading on a lower note, mostly due to global cues.  

The BSE Sensex slumped over 200 points in opening trade on Monday, tracking losses in index majors Wipro, Bajaj Finserv, and Infosys amid a largely negative trend in global markets.

Besides, unabated foreign fund outflows also put pressure on domestic equities, traders said.

At 10.15 am, the BSE gauge was trading 643 points lower at 58,393 in early trade. Likewise, the Nifty fell 210 points to 17,403.

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At 10.20 a.m., Sensex traded at 58,58,402 points, down 1.1% or 635 points from the previous close of 59,037 points. It opened at 59,023 points. #Nifty50 traded at 17,423 points, down 1.1% or 193 points from the previous close of 17,617 points. It opened at 17,575 points.

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- IANS (@IANS) 24 Jan 2022

Asian Paints was the top loser in the Sensex pack, shedding 2.44 per cent, followed by Tech Mahindra, Wipro, Bajaj Finserv, Infosys, HCL Tech, and Bajaj Finance.

On the other hand, PowerGrid, Maruti, ICICI Bank, Reliance Industries, and Bharti Airtel were among the gainers.

Midcap and smallcap shares were in the negative zone as Nifty Midcap 100 index fell 1.42 per cent and small-cap shares were trading 2.09 per cent lower.

In the previous session, the 30-share index ended 427.44 points or 0.72 per cent lower at 59,037.18. Similarly, the broader NSE Nifty plunged 139.85 points or 0.79 per cent to 17,617.15.

Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo were trading with losses in mid-session deals, while Shanghai was in the green.

Asian markets slipped as investors braced for a Federal Reserve meeting at which it is expected to confirm it will soon start draining the massive lake of liquidity that has supercharged growth stocks in recent years.

Stock exchanges in the US finished with significant losses in the overnight session on Friday.

Meanwhile, international oil benchmark Brent crude rose 0.92 per cent to $88.70 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 3,148.58 crore on Friday, according to stock exchange data.