Sensex tumbles 559 points in early trade

June 07, 2022 10:07

Equity benchmark indices extended their decline for the third day running on Tuesday, with the BSE Sensex tumbling over 559 points in early trade, as foreign funds outflow and elevated crude oil prices continued to play spoilsport ahead of the RBI's policy decision on Wednesday.

The 30-share BSE Sensex was trading 559.46 points lower at 55,115.86. The broader NSE Nifty fell by 161.05 points to 16,408.50.

From the Sensex pack, Titan, Dr Reddy's, HUL, Asian Paints, Nestle, Sun Pharma, Maruti and Kotak Mahindra Bank were the biggest laggards. In contrast, NTPC and Reliance Industries were the gainers.

Elsewhere in Asia, markets in Tokyo and Shanghai were trading in the green, while Hong Kong and Seoul were quoting lower. Stock markets in the US had ended with gains on Monday.

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