STOCK MARKET BSE NSE

Sensex Opens 84 Points Down on Foreign Fund Outflows, Global Cues

Indian shares continued their losing run as the benchmark BSE Sensex lost ground by over 84 points and the NSE Nifty cracked below the 7,700 mark in early trade.

Published: 09th December 2015 11:04 AM  |   Last Updated: 09th December 2015 11:04 AM   |  A+A-

2015-11-25T023411Z_1_LYNXMPEBAO038_RTROPTP_3_MARKETS-INDIA-STOCKS

Bombay Stock Exchange. (File|Reuters)

By PTI

MUMBAI: Indian shares continued their losing run as the benchmark BSE Sensex lost ground by over 84 points and the NSE Nifty cracked below the 7,700 mark in early trade as investors indulged in scaling down their bets, tracking weak global cues.

Moreover, renewed concerns over passing of key reform bills like GST too dampened sentiments. The 30-share index was trading lower by 84.67 points or 0.33 per cent at 25,225.66 with metal, realty, oil&gas, PSU, power, healthcare and IT stocks contributing to the fall.

The gauge has plunged by 860 points in the previous five sessions on sustained foreign fund outflows and worries over the passage of GST bill. Also, Nifty dipped below the 7,700-mark by falling 24.05 points or 0.31 per cent to 7,677.65.

Brokers said continued capital outflows by foreign funds and a weak trend in other Asian markets following overnight losses in the US equities amid a retreat in commodity-linked stocks due to weaker oil prices accelerated selling here.

Japan's Nikkei was down 0.52 per cent while Hong Kong's Hang Seng shed 0.41 per cent in early trade today. Shanghai, however, was up by 0.52 per cent in early trades. The US Dow Jones Industrial Average ended 0.92 per cent lower in yesterday's trade.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp