Sensex down 183 points in early trade on weak Asian cues
The BSE Sensex today 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.business 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.