Sensex falls for third day on weak global cues
The stock markets extended losses for the third day on Wednesday with the barometer index shedding 83.73 points on selling by funds that took cues from weak Asian markets.business Updated: Sep 02, 2009 17:14 IST
The stock markets extended losses for the third day on Wednesday with the barometer index shedding 83.73 points on selling by funds that took cues from weak Asian markets.
The 30-share Sensex, which had lost nearly 370 points in the last two trading sessions, fell by 83.73 points, or 0.54 per cent, to close at 15,467.46 points. The key index touched the day's high of 15,628.10 points and a low of 15,392.68 points as the market remained choppy.
Blue-chip stocks led by realty, auto and banking segments recorded heavy losses. Among the 30 Sensex scrips, 21 counters closed with losses, while eight ended higher.
The wide-based National Stock Exchange index Nifty fell by 17 points to 4,608.35 points.
Marketmen said a steep fall in the US Stock markets last night and a weak trend in Asian region mainly dampened investor's confidence.
They said the market sentiment further affected after a weak opening in European stock markets this afternoon.
In Asian region, Japan's index fell by 2.37 per cent, Hong Kong's by 1.76 per cent, Singapore's index by 1.02 per cent.
The US Dow Jones Industrial Average index lost 1.96 per cent and the Nasdaq by 2 per cent on renewed concerns about a global economic recovery after reports of more US bank failure.