Sensex slips 82 points on weak global cues

TIL Desk/Business/Mumbai/ The BSE Sensex fell over 82 points in early trade today on weak global cues after President Donald Trump pulled the US out of the landmark Iran nuclear deal, fanning fears of an escalation in geopolitical tensions.

Crude oil prices zoomed past USD 76 per barrel mark amid foreign capital outflows and depreciating rupee. Asian shares ticked down as renewed US sanctions on Tehran were seen as disruptive for oil supplies.

The 30-share Sensex fell by 82.12 points, or 0.23 per cent to 35,134.20. Sectoral indices led by oil and gas, PSU, banking, realty, auto, capital goods and power declined by up to 0.83 per cent. The Sensex had gained 300.94 points in the previous two sessions.

The 50-share NSE Nifty also slipped below the 10,700-mark by shedding 27.95 points, or 0.26 per cent, to 10,689.85. The laggards were ICICI Bank, HDFC, SBI, Axis Bank, Bharti Airtel and Adani Ports, falling up to 1.46 per cent. However, IT stocks spurted after the rupee depreciated against the dollar. TCS rose 0.86 per cent, Infosys 0.59 per cent and Wipro 0.06 per cent.