Sensex down 135 pts in opening trade on Asian cues
The Bombay Stock Exchange benchmark index Sensex today lost nearly 135 points in opening trade due to increased selling by foreign funds driven by weakening trends in other Asian bourses.business Updated: Nov 03, 2009 10:59 IST
The Bombay Stock Exchange benchmark index Sensex on Tuesday lost nearly 135 points in opening trade due to increased selling by foreign funds driven by weakening trends in other Asian bourses.
The 30-share BSE Sensex fell by 134.55 points, or 0.84 per cent at 15,761.73 points in opening trade. The BSE barometer had lost 914.53 points in the previous five sessions.
The wide-based National Stock Exchange index Nifty moved down by 41.45 points to trade lower at 4,711.70.
Brokers said increased selling by foreign funds, triggered by bearish trends on the other Asian equity markets, dampened the trading sentiments on the domestic bourses.
They said profit-taking by speculators at some counters, which had surged in the recent run-up, also contributed to fall in stock prices.
Among major losers, Sterlite Industries fell by 1.16 per cent to Rs 761, State Bank of India by 1.51 per cent to Rs 2,158 and Larsen and Toubro by 0.50 per cent to Rs 1,555.
Bucking the trend, software major Infosys Technologies was trading 0.43 per cent higher at Rs 2,214.80.
The Hong Kong's Hang Seng index was down 0.70 per cent, while Japan's Tokyo Stock Exchange remained closed on Tuesday.