Markets tank in early trade dragged by Reliance, Kotak Mahindra Bank, weak global peers
Mumbai (PTI): Equity benchmark indices declined in early trade on Monday dragged by Reliance Industries and Kotak Mahindra Bank along with weak global market trends.
The 30-share BSE Sensex tanked 504 points to 80,100.65 in early trade. The NSE Nifty dropped 168.6 points to 24,362.30.
Among the Sensex pack, Kotak Mahindra Bank, Reliance Industries, Larsen & Toubro, ICICI Bank, IndusInd Bank and Axis Bank were the biggest laggards.
UltraTech Cement, NTPC, HDFC Bank and Power Grid were among the gainers.
HDFC Bank climbed 1.57 percent after the company's consolidated net profit grew 33.17 percent to Rs 16,474.85 crore in the June 2024 quarter.
In Asian markets, Seoul, Tokyo and Shanghai were trading lower while Hong Kong quoted in the positive territory.
The US markets ended lower on Friday. Global oil benchmark Brent crude climbed 0.67 percent to USD 83.18 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,506.12 crore on Friday, according to exchange data.
The BSE benchmark hit its new all-time high of 81,587.76 in the initial trade on Friday but failed to carry forward the winning momentum and tanked 738.81 points or 0.91 percent to settle below the 81,000-mark at 80,604.65.
The NSE Nifty tumbled 269.95 points or 1.09 percent and ended at 24,530.90 after hitting its fresh record peak of 24,854.80 during the opening bell on Friday.
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Virat Kohli speaks about bond with Rohit Sharma ahead of MI vs RCB clash
Mumbai: Ahead of the IPL 2025 clash between Mumbai Indians and Royal Challengers Bengaluru, RCB star batter Virat Kohli opened up about his long-standing bond with Rohit Sharma. Despite past media rumours of a rift between the two, Kohli reaffirmed the mutual respect and strong professional relationship they share.
In a conversation on the RCB channel, Kohli said, “Playing alongside someone for such a long time naturally leads to a strong bond, especially when you share so much of your understanding of the game. In the early years, we were constantly learning from each other and growing in our careers simultaneously.”
He further added that over the years, they had built trust and often found themselves on the same page while making decisions in leadership roles. “Reflecting on our long careers, we are both grateful and proud of the journey we've shared. The consistency and memories we’ve built together have been incredibly fulfilling,” he said.
Kohli and Rohit have played crucial roles in Indian cricket’s success over the past 15 years. While rumours of discord often emerged, both have consistently denied them and maintained professionalism on and off the field.
Meanwhile, Mumbai Indians will aim to register their second win of the season as they host RCB at the Wankhede Stadium. Led by Hardik Pandya, MI have so far won just one out of their four matches, while RCB have two victories in three games.
𝐓𝐡𝐞 𝐑𝐎-𝐊𝐎 𝐛𝐨𝐧𝐝! 🫂
— Royal Challengers Bengaluru (@RCBTweets) April 6, 2025
Virat Kohli talks about his equation with Rohit Sharma, and how they’ve bonded over the years and created some wonderful memories! ✨
We’re just a day away from seeing them go up against each other, and we wish them well! 😌👊#PlayBold #ನಮ್ಮRCB… pic.twitter.com/I6GHFHxgEx
