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Sensex down 80 points on global cues

The BSE-30 share index tumbles by another 79.51 points in the first five minutes of trade.

business Updated: Jun 07, 2007 11:53 IST

Tracking global markets, the Bombay Stock Exchange benchmark Sensex fell 80 points in early trade on Thursday on massive selling by funds as well as investors.

The BSE-30 share index, Sensex, which had tumbled nearly 280 points in the previous session, fell by another 79.51 points at 14,176.42 in the first five minutes of the trade, following a significant decline in heavy-weight stock prices.

Similarly, the wide-based National Stock Exchange's index Nifty fell 67.75 points at 4,130.50.

Stock brokers said weakening global stock markets mainly dampened the trading sentiments in Mumbai, triggering all-round selling by funds as well as retail investors.

Most of the index-related stocks remained in negative zone with moderate to sizeable losses.

First Published: Jun 07, 2007 10:39 IST