Mumbai: Market benchmark BSE Sensex extended losses for the third straight day
by shedding over 66 points in early trade today on selling by domestic
institutional investors and foreign funds amid mixed Asian cues.
Also, selling pressure in oil & gas, FMCG, metal, PSU, bank and
power stocks amid a depreciating rupee to weighed on market sentiment.
The BSE 30-share index slipped 66.48 points, or 0.19 per cent, to
33,769.26. The benchmark had lost 82.20 points in the previous two
sessions.
Major laggards were Hindustan Unilever, NTPC, ONGC,
ICICI Bank, Reliance Industries and Tata Steel, falling by up to 0.75
per cent.
NSE Nifty was trading down by 21.05 points, or 0.20 per cent, at 10,389.85.
Gitanjali Gems stock continued its downturn, cracking 4.78 per cent to Rs 12.95.
Meanwhile, on a net basis, domestic institutional investors (DIIs) sold
shares worth Rs 432.03 crore, and foreign portfolio investors (FPIs)
also sold shares of Rs 258.98 crore yesterday.
Asian markets
were trading lower following a decline on Wall Street overnight. Japan's
Nikkei shed 0.47 per cent, while Hong Kong's Hang Seng edged up 0.03
per cent. Shanghai
Composite Index was down 0.04 per cent in early trade.
The US Dow Jones Industrial Average also ended 1 per cent lower yesterday.
PTI
