BSE Sensex down 113 points, NSE Nifty by 26.45 points in early trade
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Extending losses for the third straight session, the BSE benchmark Sensex today fell by 113 points and NSE Nifty declined by 26.45 points, in early trade due to sustained selling by funds amid a weak trend in Asian regions.
The 30-share barometer, which had lost over 118 points in the previous two sessions, fell further by 112.82 points, or 0.58 per cent, to 19,452.10, led by losses in stocks of consumer durable, auto and information technology sectors.
Similarly, the wide-based National Stock Exchange index Nifty declined by 26.45 points, or 0.45 per cent, to 5,887.65.
Brokers said sustained selling by funds amid a weak trend in Asian regions mainly influenced the trading sentiment here.
In the Asian region, Japan's Nikkei Index was down by 0.51 per cent, while Hong Kong's Hang Seng index 0.84 per cent in early trade today. However, the US Dow Jones Industrial Average ended 0.02 per cent higher yesterday.
GLOBAL MARKETS ROUNDUP
* Nifty futures on the Singapore Exchange down 0.29 percent. The MSCI-Asia Pacific index, excluding Japan was 0.46 percent down.
* Investors growing wary of recent index highs and mixed signals from global equities overnight capped Asian share prices on Wednesday, while sterling remained vulnerable after weak U.K. data fed fears of a triple-dip recession.
* The S&P 500 ended lower on Tuesday, breaking a seven-session string of gains as investors pulled back from technology and financials, but the Dow eked out the smallest of gains to finish at another all-time closing high. FACTORS TO WATCH
* World Bank president press briefing at 0630GMT.
* RBI Governor speaks at London School of Economics at 1430GMT.
... contd.
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