Non-stop foreign fund outflows impacted domestic stocks.
Equity benchmark Sensex tumbled over 100 points in early trade on Thursday, February 3, 2022, tracking losses in index majors HDFC, Infosys and Wipro.
Traders said outflow of foreign funds has affected the domestic equity markets.
The BSE gauge was trading 116.47 points or 0.20 per cent lower at 59,441.86 in early trade. Similarly, Nifty closed 33.75 points or 0.19 per cent lower at 17,746.25.
HDFC was the top loser in the Sensex pack, falling 1.10 per cent, followed by Tech Mahindra, Infosys, Wipro, Bajaj Finance, HCL Tech and Kotak Bank.
On the other hand, Titan Asian Paints, ITC, Maruti, SBI and NTPC were among the gainers.
HDFC on Wednesday reported a standalone net income of ₹3,261 crore for the three months to December 2021, registering a growth of 11 per cent over ₹2,926 crore in the same quarter last year.
In the previous session, the 30-share benchmark climbed 695.76 points or 1.18 per cent to end at 59,558.33 – its third straight session of gains. Similarly, the broader NSE Nifty jumped 203.15 points or 1.16 per cent to end at 17,780.00.
Elsewhere in Asia, Tokyo was trading with losses in mid-session deals, while Seoul was in the green.
Many Asian markets, including China and Hong Kong, are closed for the Lunar New Year holiday.
Stock exchanges in the US ended the overnight session with significant gains.
Meanwhile, international oil benchmark Brent crude slipped 0.27 per cent to $89.23 a barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 183.60 crore on Wednesday, according to stock exchange data.
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