Sensex falls 86 pts on weak global cues
, Apr 28 (PTI)
The Bombay Stock Exchange benchmark Sensex on Tuesday fell by 86 points in opening trading on capital outflows by foreign funds, triggered by weak global cues.
The 30-share barometer, which had gained 554.31 points in the past three sessions, moved down by 85.97 points, or 0.76 per cent, to 11,285.88 points after fast moving consumer goods, metal and IT sector stocks led the fall.
Similarly, the wide-based National Stock Exchange's Nifty fell by 36.70 points, or 1.05 per cent, at 3,433.30.
Marketmen said selling pressure emerged on the domestic markets after an overnight slide on the US markets, weighed down by fears over a possible outbreak of swine flu, a disease which has already killed more than 100 people in Mexico.
Besides, squaring-up of pending positions by speculators ahead of tomorrow's monthly expiry in the derivatives segment put pressure on the sentiments, they said.
Among major losers, Sterlite Industries fell by 1.40 per cent to Rs 409.50 ahead of its quarterly results.
Other weak counters were Reliance Industries down 0.28 per cent to Rs 1,779.80, Infosys Tech 0.20 per cent to Rs 1,429.70, Tata Consultancy 0.11 per cent to Rs 602.80, ONGC 0.95 per cent to Rs 840.90.
Meanwhile, the US Dow Jones Industrial average closed 0.64 per cent down yesterday, while Hong Kong's hang seng lost 0.32 per cent and Japan's Nikkei was down 0.67 per cent in early trade today.