NEW DELHI: Domestic equities opened in the red Thursday against the benchmark BSE Sensex dropping more than 600 points, following the sell-off of global stocks amid a strong outflow of foreign funds.
The 30-share BSE index fell 638 points or 1.69 percent to trade at 37,030; while the broader NSE Nifty traded 189 points or 1.7 percent lower at 10,943.
Bajaj Finance, IndusInd Bank, M&M, TCS, Tata Steel, Maruti and Infosys were the main losers in the sensex package falling as much as 4.35%.
On the NSE, all sub-indices were trading lower with Nifty Media, Auto, Metal and PSU Bank falling as much as 3.31%.
According to traders, the strong sell-off of US stocks in the evening session, negative signals from Asian pairs and the outflow of foreign funds affected investor sentiment here.
On the currency front, the rupee depreciated 26 paise to 73.83 against the US dollar in the opening of operations amid a sell-off of domestic stocks and a significant outflow of foreign funds.
In the previous session, the benchmark indices ended with losses for the fifth consecutive session, as sentiment remained risk-averse despite signs of support from global markets. The 30-share BSE sensex closed 65.66 points or 0.17 percent lower at 37,668.42. Similarly, the NSE Nifty lost 21.80 points or 0.20 percent to close at 11,131.85.
Meanwhile, currency data showed that foreign institutional investors sold shares worth 3,912.44 crore net on Wednesday.
(With contributions from the agency)
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