Markets fall in early commerce on weak world traits

Benchmark indices fell in early commerce on Monday amid weak world market traits and steady international fund outflow.

The 30-share BSE benchmark declined 288.8 factors to 57,138.12 in early commerce. The broader NSE Nifty dipped 79.4 factors to 17,014.95.

Among the 30-share Sensex pack, Kotak Mahindra Bank, Titan, Maruti, Asian Paints, Infosys, IndusInd Bank, Tata Steel and ITC have been main laggards.

NTPC, Sun Pharma, Reliance Industries and UltraTech Cement have been among the many winners.

Elsewhere in Asia, markets in Shanghai and Hong Kong have been quoting decrease, whereas Tokyo traded larger.

The US markets ended decrease on Friday.

The BSE benchmark had jumped 1,016.96 factors or 1.80 per cent to settle at 57,426.92 on Friday. The Nifty climbed 276.25 factors or 1.64 per cent to finish at 17,094.35.

Meanwhile, the worldwide oil benchmark Brent crude futures jumped 2.62 per cent to USD 87.37 per barrel.

Foreign institutional traders offloaded shares value Rs 1,565.31 crore on Friday, in response to knowledge out there with BSE.

Foreign traders turned sellers in September, pulling out Rs 7,600 crore from Indian fairness markets.