Persistent selling pressure in view of sustained capital outflows by foreign institutional investors coupled with weak Asian cues pulled down the BSE benchmark Sensex by 26 points in early trade on Friday.
Foreign institutional investors (FIIs) sold shares worth Rs 832.59 crore yesterday.
The BSE benchmark Sensex resumed steady at 19,292.57 and hovered in a range between 19,356.50 and 19,237.72 before quoting at 19,266.18 at 1015 hours, showing a net loss of 25.84 points, or 0.13 per cent, from its last close.
The NSE 50-share Nifty also moved down by 4.75 points, or 0.08 per cent, to 5,780.70 at 1015 hours from its last close.
India’s largest bike maker by sales, Hero Honda Motors, lost 2.36 per cent ahead of the declaration of its results for the year ended March, 2011.
Meanwhile, Asian stocks declined in early trade after a report showing a slowdown in the US economy sparked concern whether earnings improvement can be sustained. The key benchmark indices in Singapore, South Korea, Taiwan, Indonesia and Hong Kong slipped by between 0.03 per cent to 0.82 per cent.
In contrast, China’s Shanghai Composite rose 0.12 per cent. Japanese markets are closed for a public holiday.
