Sensex down 183 points in early trade on weak Asian cues

  • PTI, Mumbai
  • |
  • Updated: Mar 18, 2013 10:37 IST

The BSE Sensex on Monday fell by over 183 points in early trade, extending losses for the second straight session, due to sustained selling by funds amid a weak trend on other Asian bourses.

The 30-share benchmark index, which had lost 142.88 points on Friday, lost 183.14 points, or 0.94%, to 19,244.42 in the early trade.

Similarly, the wide-based the National Stock Exchange Nifty declined by 58.25 points, or 0.99%, to 5,814.35.

All the sectoral indices, led by metals, realty and bank, were trading in the negative zone, with losses of up to 2.07%.

Brokers said continued selling by funds largely in line with a weak trend in Asian bourses as euro-zone fears returned on news that Cyprus was planning to tax bank depositors as part of a controversial bailout, influenced the trading sentiment in Mumbai.

In the Asian region, Hong Kong's Hang Seng index was down by 2.04% and Japan's Nikkei index shed 2.15% in the morning trade. The US Dow Jones Industrial Average ended 0.17% lower in Friday's trade.

 

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