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Markets trading lower on weak global sentiments
Weak global cues pushed indices lower in trade today, despite a partial recovery in the Indian rupee. Heavyweights, TCS, ITC and HDFC led indices lower in early trade.
The BSE benchmark Sensex today declined by over 63 points in early trade on sustained selling by funds amid a weakening trend on other Asian bourses. The 30-share barometer fell by 67 points, or 0.33 per cent, to 19,079 points with stocks of consumer durables, metal, FMCG, auto and banking sectors leading the fall.
The index had lost over 298 points in yesterday's session. Similarly, the wide-based National Stock Exchange index Nifty fell by 15 points, or 0.24 per cent, to 5,773. Brokers said sustained selling by funds amid weakening trend on other Asian bourses mainly influenced the trading sentiment.
In the Asian region, Japan's Nikkei Index was down 2.04 per cent in early trade today, while Hong Kong's market remained closed for a public holiday. The US Dow Jones Industrial Average ended 0.76 per cent down in yesterday's trade.
With inputs from PTI
