Equity benchmark Sensex tumbled by 433 points on Thursday tracking losses in index majors ICICI Bank, HDFC and SBI amid mounting inflationary pressure in the global market and foreign fund outflows. SBI was the top loser in the Sensex pack, shedding around 3 per cent, followed by Bajaj Finserv, Tech Mahindra, Sun Pharma, Bajaj Finance and Axis Bank. Further, he noted that continuous foreign fund outflows subdued traders’ sentiments. Elsewhere in Asia, bourses rebounded in Shanghai, Hong Kong and Tokyo ended with gains, while Seoul was in the red. Meanwhile, international oil benchmark Brent crude rose 0.63 per cent to USD 83.16 per barrel.

Source: Mint November 11, 2021 10:24 UTC