Mumbai: Benchmark Sensex and Nifty fell in early trade on Wednesday. Concerns over foreign fund outflows and a steep hike in H-1B visa fees in the US continued to weigh on investor sentiment.
The 30-share BSE Sensex fell 380.48 points to 81,721.62 in early trade. The 50-share NSE Nifty fell 106.45 points to 25,063.05.
Among the Sensex firms, Tech Mahindra, Tata Motors, ICICI Bank, Bharti Airtel, Tata Consultancy Services, Axis Bank, Titan and Kotak Mahindra Bank were the main losers.
However, Trent, NTPC, State Bank of India and Asian Paints were among the gainers. According to exchange data, foreign institutional investors sold shares worth Rs 3,551.19 crore on Tuesday. Meanwhile, the rupee fell 7 paise to 88.80 against the US dollar in early trade.