Sensex down 78 points in early trade on weak Asian cues
The Bombay Stock Exchange benchmark Sensex fell over 78 points in early trade today on capital outflows by foreign funds amid weak Asian cues.business Updated: Apr 13, 2010 10:01 IST
The Bombay Stock Exchange benchmark Sensex fell over 78 points in early trade today on capital outflows by foreign funds amid weak Asian cues.
The 30-share index, which had lost 80.14 points in the previous session, fell further by 78.21 points, or 0.43 per cent to 17,774.79.
The wide-based National Stock Exchange index Nifty also declined by 22.45 points, or 0.42 per cent to 5,317.25.
Stock brokers said subdued trend on Asian bourses triggered selling by foreign funds.
Shares of auto, banking, metals and technology sectors were under pressure after the recent run-up.
The pack of major losers include Infosys Technologies that fell by 1.24 per cent to Rs 2,650, Hero Honda 3.93 per cent to Rs 2,404.90, Sterlite Industries 1.06 per cent to Rs 860.20, Tata Steel 0.67 per cent to Rs 677.80, Tata Consultancy Services 0.58 per cent to Rs 792.95, ICICI Bank 0.93 per cent to Rs 956 and State Bank of India 0.29 per cent at Rs 2,085.95.
Meanwhile, Hong Kong's Hang Seng shed 0.14 per cent and Japan's Nikkei lost 0.98 per cent in the morning trade today.