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Share Market: Sensex, Nifty break due to selling in IT, financial stocks in early trade

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Mumbai : Major equity indices Sensex and Nifty declined in early trade on Wednesday due to selling in financial, oil and IT stocks amid a weak global trend. During this period, the BSE Sensex fell 268 points or 0.44 per cent to 60,709.93. The NSE Nifty settled at 18,028.05, down 90.25 points or 0.5 per cent.

UltraTech Cement, SBI, IndusInd Bank, Axis Bank, HDFC Bank, Kotak Bank, L&T, Reliance Industries, Tech Mahindra, Wipro, Infosys and TCS were among the major losers on the Sensex. On the other hand, Tata Steel, HUL and Maruti saw gains. Meanwhile, Brent crude was down 0.43 per cent at $86.48 per barrel. The effective price of crude oil for India declined by 2.69 per cent to $79.98 per barrel. According to provisional data of the stock market, foreign institutional investors (FIIs) sold shares worth a net Rs 760.51 crore on Tuesday.

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