Sensex down in opening trade on weak Asian cues

December 30, 2009 10:35 am | Updated 10:35 am IST - Mumbai

The Bombay Stock Exchange benchmark Sensex today fell marginally by over 8 points in early trade on fresh selling by funds influenced by weak trend in Asian markets.

The Sensex fell by 8.11 points to 17,393.45 points in the first five minutes of trading. The 30-share index had gained over 800 points in the previous four trading sessions.

The wide-based National Stock Exchange index Nifty also drifted down by 9.10 points to 5,183.50 points.

Brokers said fresh selling by funds driven by weak trend in Asian markets, mainly dampened the trading sentiments here.

Profit-taking by retail investors in some stocks also put pressure on the stock prices.

They said market player were cautious ahead of monthly settlement in the derivatives segments tomorrow.

The Hong Kong’s Hang Seng index was down 0.41 per cent in the morning trade. The US Dow Jones Industrial Average closed 0.02 per cent down in yesterday’s close.

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.