Equity investors lost more than ₹ 5 trillion in early trading on Thursday as local benchmark indices tumbled, reflecting weaker trends in global equities.

The 30-share BSE benchmark Sensex fell 1,154.78 points to 53,053.75 on weak global markets, steady inflows of foreign funds and a surge in crude oil prices.

The market capitalization of BSE-listed companies fell by ₹ 5,02,731.03 crore to ₹ 2,50,74,714.78 crore in early trade on weak broad market trends.

Sensex companies, Tech Mahindra, Infosys, Wipro, HCL Technologies, IndusInd Bank and TCS were the biggest losers.

ITC emerged as the sole beneficiary of the 30-share pack.

Asian markets were trading lower in Seoul, Shanghai, Hong Kong and Tokyo.

Stock exchanges in the US closed significantly lower on Wednesday.

The US markets have seen the worst selling since June 2020 as inflation is looming, "said Mohit Nigam, PMS chief, Ham Securities.

International oil benchmark Brent crude rose 1.63 percent to 110 110.89 a barrel.

Foreign institutional investors continued to sell Indian equity and ના 1,254.64 crore worth of shares on Wednesday, according to stock exchange data.