Sensex falls for 4th day; down 62 points
Mumbai: The BSE benchmark Sensex on Wednesday fell for the fourth straight day by losing nearly 62 points due to sustained selling by funds amid a weak trend in other Asian markets.
The 30-share barometer fell by 61.53 points, or 0.31 percent, to 19,484.25. The index had lost nearly 670 points in the previous three sessions.
Stocks of realty, capital goods, consumer durables, IT and FMCG sectors were major losers, pulling down the benchmark Sensex.
The wide-based National Stock Exchange index, Nifty dipped below 5,900-point mark by falling 20.80 points, or 0.35 percent, to 5,898.65.
Brokers said sustained selling by funds in the absence of any positive trigger amid a weak trend in the Asian region following overnight losses at the US market after figures showed the trade deficit had widened, mainly dampened the trading sentiment here.
In the Asian region, Hong Kong's Hang Seng index traded lower by 0.93 percent, Japan's Nikkei Index fell 0.32 percent.
The US Dow Jones Industrial Average ended 0.50 percent lower in yesterday's trade.