Mumbai, February 27 Benchmark indices Sensex and Nifty declined in early trading on Friday, tracking a weak trend in global markets and fresh outflows of foreign funds.
The 30-share BSE Sensex fell by 364.62 points to 81,883.99 during the initial trading session. The 50-share NSE Nifty declined by 117.15 points to 25,379.40.
From the Sensex pack, Maruti, Bharti Airtel, Hindustan Unilever, Mahindra & Mahindra, Kotak Mahindra Bank, and UltraTech Cement were among the major decliners.
Infosys, Tech Mahindra, HCL Tech, and Eternal were among the gainers.
According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 3,465.99 crore on Thursday. Domestic Institutional Investors (DIIs), however, bought stocks worth Rs 5,031.57 crore.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225, and China's SSE Composite index quoted lower, while Hong Kong's Hang Seng index traded in positive territory.
The US market ended mostly lower on Thursday.
"The recent US-Iran negotiations over Iran's nuclear programme concluded without a breakthrough, raising concerns about the possibility of a US strike and the risk of a broader Middle East conflict," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.
Brent Crude, the global oil benchmark, dipped by 0.07 per cent to USD 70.70 per barrel.
On Thursday, the Sensex dipped marginally by 27.46 points, or 0.03 per cent, to settle at 82,248.61. The Nifty eked out a marginal gain of 14.05 points or 0.06 per cent to end at 25,496.55.
