Sensex down 81 points in opening trade

October 22, 2012 09:54 am | Updated 09:54 am IST - Mumbai

The BSE benchmark Sensex fell by over 81.43 points in the opening trade today on emergence of profit—booking at higher levels amid weakening Asian trend.

The 30—share index, which had lost 109.62 points in the previous session, fell by 81.43 points, or 0.43 per cent, to 18,600.88 in first five minutes of trading.

Similarly, the wide-based National Stock Exchange Nifty Index shed 26.20 points, or 0.46 per cent, to 5,758.05.

Brokers said investors indulged in profit—booking following upsurge in the past few seasons.

They said, the sentiments further dampened on weakening Asian trend.

The Asian markets were down as risk sentiment was dented by lacklustre earnings from leading US companies, and a bigger—than—expected fall in exports from Japan, a key driver of the world’s third—biggest economy.

Meanwhile, in the Asian region, Japan’s Nikkei was down by 0.81 per cent, while Hong Kong’s Hang Seng index up 0.07 per cent.

The US Dow Jones Industrial Average ended 1.52 per cent lower in Friday’s trade.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.