Sensex Slipped More than 400 Points in Early Trade

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The leading domestic index Sensex slipped more than 400 points in early trade on Friday. Domestic stock markets slipped in early trade amid selling in major stocks such as HDFC Bank, HDFC, ICICI Bank and Kotak Mahindra Bank and negative signals in Asian stock markets. BSE Sensex was trading at a level of 49,341.24 in early trade with a break of 424.70 points, or 0.85 per cent.

During the last trading session of the week, HDFC Bank shares were seen falling on Sensex during the opening trade. Apart from this, shares of HDFC, ICICI Bank, Bajaj Finserv, Titan, Kotak Bank, Nestle India, Tech Mahindra, Ultratech Cement, HCL Tech and SBI were the biggest losers.

On the other hand, shares of ONGC, Dr Reddy’s, Bajaj Auto, Sun Pharma and Infosys saw early trading boom.

In the previous session, the Sensex had gained 32.10 points, or 0.06 per cent, to close at 49,765.94. Similarly, NSE Nifty closed at the level of 14,894.90 points with a gain of 30.35 points or 0.20 percent.

According to provisional data from the stock market, foreign institutional investors bought shares worth Rs 809.37 crore on Thursday and continued buying on a net basis. On the other hand, domestic institutional investors sold shares worth Rs 942.35 crore.

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