Markets trade lower on foreign fund exodus
MUMBAI [Maha Media]: Benchmark indices Sensex and Nifty rebounded in early trade on Friday after two days of decline but soon succumbed to selling pressure as heavy foreign fund outflows made investors jittery.
The 30-share BSE benchmark Sensex climbed 270.76 points to 77,890.97 in early trade. The NSE Nifty also went up by 69.5 points to 23,596.
However, soon both the benchmark indices slipped in the negative territory. The BSE benchmark quoted 306.07 points lower at 77,313.56, while the Nifty traded with a cut of 112.10 points at 23,412.45.