Sensex drops over 150 points in early trade

May 14, 2021 10:41

Equity benchmark Sensex opened on a positive note on Friday, but soon pared initial gains and dropped over 150 points, tracking losses in index majors HDFC twins, ICICI Bank and TCS.

The 30-share BSE index was trading 158.99 points or 0.33 per cent lower at 48,531.81. Similarly, the broader NSE Nifty fell 59.50 points or 0.40 per cent to 14,637. M&M was the top loser in the Sensex pack, shedding over 2 per cent, followed by ONGC, Bajaj Auto, Maruti, TCS, HDFC duo and Bajaj Finance. On the other hand, Asian Paints, Dr Reddy's, TCS, Sun Pharma and HUL were among the gainers.

In the previous session on Wednesday, Sensex slumped 471.01 points or 0.96 per cent to finish at 48,690.80, and Nifty tumbled 154.25 points or 1.04 per cent to 14,696.50. Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,260.59 crore, according to provisional exchange data.

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