Mumbai: Benchmark equity indices fell in early trade on Friday amid profit-booking and fresh foreign fund outflows after the previous day's record gains.
The 30-share BSE Sensex fell 206.18 points to 76,604.72. NSE Nifty fell 61.5 points to 23,337.40.
Among the 30 Sensex companies, Tech Mahindra, JSW Steel, HCL Technologies, NTPC, Bajaj Finserv, Kotak Mahindra Bank, Wipro and Tata Consultancy Services were major laggards.
Titan, Asian Paints, Mahindra & Mahindra and Hindustan Unilever were the biggest gainers.
In Asian markets, Seoul ended higher while Tokyo, Shanghai and Hong Kong declined.
On Thursday, American markets closed on a mixed note.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,033 crore on Thursday.
“Markets are likely to remain range-bound in the near term as there are no major triggers till the Budget,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
Global oil benchmark Brent crude fell .41 percent to US$82.41 a barrel.
The BSE benchmark jumped 538.89 points or 0.70 to hit its lifetime peak of 77,145.46 on Thursday. It later ended at a new record high at 76,810.90; Up 204.33 points or 0.27 percent.
Nifty closed at a new closing level of 23,398.90, up 75.95 points or 0.33 per cent. During the day, the benchmark rose 158.1 points or 0.67 percent to its record peak of 23,481.05.
“Investors expect consolidation amid uncertainties as they await India's budget announcement and the US Federal Reserve's next rate cut,” said Prashant Tapse, senior VP (research), Mehta Equities Ltd.
The 30-share BSE Sensex fell 206.18 points to 76,604.72. NSE Nifty fell 61.5 points to 23,337.40.
Among the 30 Sensex companies, Tech Mahindra, JSW Steel, HCL Technologies, NTPC, Bajaj Finserv, Kotak Mahindra Bank, Wipro and Tata Consultancy Services were major laggards.
Titan, Asian Paints, Mahindra & Mahindra and Hindustan Unilever were the biggest gainers.
In Asian markets, Seoul ended higher while Tokyo, Shanghai and Hong Kong declined.
On Thursday, American markets closed on a mixed note.
According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 3,033 crore on Thursday.
“Markets are likely to remain range-bound in the near term as there are no major triggers till the Budget,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.
Global oil benchmark Brent crude fell .41 percent to US$82.41 a barrel.
The BSE benchmark jumped 538.89 points or 0.70 to hit its lifetime peak of 77,145.46 on Thursday. It later ended at a new record high at 76,810.90; Up 204.33 points or 0.27 percent.
Nifty closed at a new closing level of 23,398.90, up 75.95 points or 0.33 per cent. During the day, the benchmark rose 158.1 points or 0.67 percent to its record peak of 23,481.05.
“Investors expect consolidation amid uncertainties as they await India's budget announcement and the US Federal Reserve's next rate cut,” said Prashant Tapse, senior VP (research), Mehta Equities Ltd.
