<p>Mumbai: Benchmark equity indices Sensex and Nifty tumbled in early trade on Wednesday after a record-breaking rally, tracking extremely weak trends from the global markets.</p><p>The 30-share BSE Sensex tumbled 721.75 points to 81,833.69 after a weak beginning to the trade. The NSE Nifty tanked 196.05 points to 25,083.80.</p><p>Among the 30 Sensex firms, JSW Steel, Infosys, Larsen & Toubro, State Bank of India, Tata Steel, Mahindra & Mahindra, Bharti Airtel and Axis Bank were the major laggards.</p><p>Asian Paints, Bajaj Finserv, Bajaj Finance, and Hindustan Unilever were the gainers.</p><p>In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading sharply lower.</p><p>The US markets ended significantly lower on Tuesday.</p>.Toyota, Maruti launch marketing drive for hybrids in Uttar Pradesh.<p>"The selloff in US markets yesterday (Tuesday) was triggered by growth concerns. There are indications of US manufacturing moving into contraction, thereby threatening the soft-landing expectation, which has been the pillar of support for the mother market US and consequently for other markets, too," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.</p><p>Halting its 10-day rally on Tuesday, the BSE benchmark dipped 4.40 points or 0.01 per cent to settle at 82,555.44. The Nifty, however eked out a marginal gain of 1.15 points to settle at 25,279.85, its highest-ever closing level.</p><p>In the 10-day rally, the BSE benchmark spurted 2,135 points, or 2.61 per cent. Nifty has surged nearly 1,141 points or 4.59 per cent in 14 straight days.</p><p>Foreign Institutional Investors (FIIs) bought equities worth Rs 1,029.25 crore on Tuesday, according to exchange data.</p><p>Global oil benchmark Brent crude declined 0.61 per cent to USD 73.30 a barrel.</p>
<p>Mumbai: Benchmark equity indices Sensex and Nifty tumbled in early trade on Wednesday after a record-breaking rally, tracking extremely weak trends from the global markets.</p><p>The 30-share BSE Sensex tumbled 721.75 points to 81,833.69 after a weak beginning to the trade. The NSE Nifty tanked 196.05 points to 25,083.80.</p><p>Among the 30 Sensex firms, JSW Steel, Infosys, Larsen & Toubro, State Bank of India, Tata Steel, Mahindra & Mahindra, Bharti Airtel and Axis Bank were the major laggards.</p><p>Asian Paints, Bajaj Finserv, Bajaj Finance, and Hindustan Unilever were the gainers.</p><p>In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading sharply lower.</p><p>The US markets ended significantly lower on Tuesday.</p>.Toyota, Maruti launch marketing drive for hybrids in Uttar Pradesh.<p>"The selloff in US markets yesterday (Tuesday) was triggered by growth concerns. There are indications of US manufacturing moving into contraction, thereby threatening the soft-landing expectation, which has been the pillar of support for the mother market US and consequently for other markets, too," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.</p><p>Halting its 10-day rally on Tuesday, the BSE benchmark dipped 4.40 points or 0.01 per cent to settle at 82,555.44. The Nifty, however eked out a marginal gain of 1.15 points to settle at 25,279.85, its highest-ever closing level.</p><p>In the 10-day rally, the BSE benchmark spurted 2,135 points, or 2.61 per cent. Nifty has surged nearly 1,141 points or 4.59 per cent in 14 straight days.</p><p>Foreign Institutional Investors (FIIs) bought equities worth Rs 1,029.25 crore on Tuesday, according to exchange data.</p><p>Global oil benchmark Brent crude declined 0.61 per cent to USD 73.30 a barrel.</p>