Sensex extends losses, down 67 points in early trade

Brokers said sustained selling by funds in tandem with a weak trend on other Asian bourses influenced the trading sentiment at the Bombay Stock Exchange on Monday. File photo

The Bombay Stock Exchange benchmark index Sensex extended losses for the second straight day by losing over 67 points in early trade Monday on sustained selling by funds, triggered by a weak trend on Asian bourses.

The 30-share index, which had lost 238.11 points in the previous session, fell further by 67.19 points, or 0.39 per cent, to 17.027.32, as Refinery, Metal, Auto and IT sector stocks led the fall.

The wide-based National Stock Exchange index Nifty declined by 18.25 points, or 0.35 per cent, to 5189.20.

Brokers said sustained selling by funds in tandem with a weak trend on other Asian bourses, following renewed concerns about the euro zone’s sovereign debt crisis, mainly influenced the trading sentiment here.

In the Asian region, the Hong Kong’s Hang Seng index fell by 0.81 per cent, while Japan’s Nikkei index was down by 1.45 per cent in early trade on Monday. The U.S. Dow Jones Industrial Average ended 1.05 per cent lower in the previous session.