Mumbai: Stock market indices fell in the beginning of trading on Wednesday following two days of growth due to a decrease in Tata Motors' shares and negative patterns in Asian markets. The BSE Sensex, consisting of 30 stocks, dropped by 111.85 points to reach 81,809.44. The NSE Nifty decreased by 39.2 points to reach 25,001.90.
Tata Motors, ICICI Bank, Titan, HDFC Bank, JSW Steel, Tech Mahindra, UltraTech Cement and Axis Bank were the main underperformers among the 30 companies in the Sensex index. Asian Paints, Bharti Airtel, ITC, and Hindustan Unilever were among the companies that saw an increase in their stock prices. Trading lower in Asian markets included Seoul, Tokyo, Shanghai, and Hong Kong. Tuesday saw most US markets closing with an increase in value.
According to data from the exchange, Foreign Institutional Investors (FIIs) purchased equities totaling Rs 2,208.23 crore on Tuesday. Brent crude, the global oil benchmark, rose by 0.59 percent to reach USD 69.60 per barrel. On Tuesday, the BSE index rose by 361.75 points or 0.44 pc to close at 81,921.29. The NSE Nifty increased by 104.70 points or 0.42 per cent to reach 25,041.10.
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