The Bombay Stock Exchange benchmark Sensex shed over 61 points, or 0.35 per cent, in the opening trade today on capital outflows by foreign funds, weighed by weakening trend on the global markets.
The 30-share index, which had gained 40.45 points in the previous session on Tuesday, fell by 61.16 points, or 0.35 per cent to 17,389.86 points in the opening trade.
The wide-based National Stock Exchange index Nifty also declined by 18.60 points, or 0.35 per cent, to 5,206.70 points.
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Brokers said overnight weakness on the markets and subdued opening on the Asian bourses mainly triggered selling by foreign funds.
Besides, ending settlement on the derivatives segment, as players indulged in squaring—up of positions, also cast its shadow on trading sentiments, they added.
Among major losers Reliance Industries fell by 0.13 per cent to Rs 1,087.85, State Bank of India by 0.50 per cent to Rs 2,037.00, ICICI Bank 0.86 per cent to Rs 917.65 and ONGC 0.66 per cent to Rs 1,061.60,
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However, Bharti Airtel continued its upward journey and gained another 2.35 per cent to Rs 314 after the board of Kuwait’s Zain telecom approved selling of most of its assets to the Indian company.
Meanwhile, Hong Kong’s Hang Seng index fell by 1.47 per cent, while the US Dow Jones Industrial average ended 0.41 per cent down in yesterday’s trade.