Sensex sheds 104 pts in early trade

Selling by foreign funds in blue-chip stocks on global trend jitters pulls the benchmark index down in initial trade.

Tracking global trends, the Bombay Stock Exchange benchmark, Sensex, fell by over 104 points in early trade today on selling by foreign funds in heavy-weighted stocks.

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The BSE 30-share sensitive index (Sensex) which had gained 28.61 points yesterday, lost 104.89 points at 11,828.32 in the first five minutes of trading.

Similarly, the National Stock Exchange index, Nifty, was down by 35.50 points at 3,441.75

Stock brokers said weak global markets triggered fresh selling by foreign funds on the Indian bourses.

All the BSE 30-shares and NSE-50 shares were in the negative territory with sizable losses.