The BSE benchmark Sensex was down by 14 points in early trade on Wednesday, due to mild selling pressure in metal, banking, realty, capital goods and PSU stocks on the back of weak Asian cues.
The 30-share Sensex resumed lower at 17,347.70 and hovered in a range between 17,492.03 and 17,337.65 before quoting at 17,467.23 at 1015 hours, a net loss of 13.60 points, or 0.08 per cent, from its last close.
The NSE’s 50-share Nifty index also moved down by 5.30 points, or 0.08 per cent, to 5,252.65 at 1015 hours.
The major losers from the Sensex pack in early trade were Hero Motocorp (down 2.01 per cent), Wipro (1.17 per cent), Tata Steel (1.62 per cent), Jindal Steel (1.55 per cent) and Tata Motors (1.34 per cent).
However, Bajaj Auto moved up by 1.24 per cent, while M&M rose by 1.14 per cent, Tata Power by 0.94 per cent, Sun Pharma by 0.85 per cent and HDFC Bank by 0.60 per cent.
Asian stocks fell in early trade on apprehensions that Europe’s bailout of Greece will unravel and a report showed US manufacturing output slowed. The key benchmark indices in China, Hong Kong, Japan South Korea, and Taiwan were down by between 0.92 per cent and 1.93 per cent.
