Sensex opens lower by 175 points on global cues | business | Hindustan Times
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Sensex opens lower by 175 points on global cues

business Updated: Feb 01, 2010 10:39 IST

The Bombay Stock Exchange benchmark Sensex on Monday fell by over 175 points, or 1.06 points, in early trade on fresh spell of selling by funds driven by weak trends in the overseas bourses.

The 30-share Sensex fell by 175.85 points to 16,182.11 points in early trade.

The wide-based National Stock Exchange index Nifty declined by 50.50 points, or 1.05 per cent, to 4,831.55 points.

Sentiments on the domestic bourses were dampened by weak trend in global markets, triggering selling by funds as well as retail investors, brokers said.

Metal, IT and banking stocks were under pressure, dragging the Sensex down, they added.

Among major losers, Reliance Industries fell by 0.57 per cent to Rs 1,040.55, Reliance Infra by 0.95 per cent to Rs 1,023.65, Infosys by 2.94 per cent to Rs 2,404, Wipro by 1.30 per cent to Rs 639, Sterlite by 1.40 per cent to Rs 742, State Bank of India by 0.63 per cent to Rs 2,045 and ICICI Bank by 1.26 per cent to Rs 819.90.

The Hong Kong's Hang Seng index was down 1.2 per cent, while Japan's Nikkei shed 0.40 per cent in the morning trade today. The US Dow Jones Industrial Average had closed 0.52 per cent lower in the previous session.