Sensex down 65 points in early trade
Mumbai: The BSE benchmark Sensex on Friday declined by 65 points in early trade on sustained selling by funds amid a weakening trend on other Asian bourses.
The 30-share barometer fell by 64.99 points, or 0.33 percent, to 19,574.73 in first five minutes of trading. The index had lost almost 366 points in past five sessions.
Stocks of power, capital goods, metal, consumer durable and banking sectors declined due to profit-booking.
Similarly, the wide-based National Stock Exchange index Nifty fell by 22.75 points, or 0.38 percent, to 5,936.45.
Brokers said sustained selling by funds amid weakening trend on other Asian bourses mainly influenced the trading sentiment.
In the Asian region, Japan's Nikkei Index was down 0.97 percent, while Hong Kong's Hang Seng index shed 0.39 percent in early trade.
The US Dow Jones Industrial Average ended 0,05 percent up in yesterday's trade.