Sensex falls for third day; down 60 points

Last Updated: Tuesday, September 4, 2012 - 10:11

Mumbai: The BSE benchmark Sensex on Tuesday fell by over 60 points in early trade, extending losing streak for the third straight session as funds and retail investors engaged in selling activity on reports that the manufacturing sector in August reported the weakest growth rate in 9 months.

The 30-share index, which had lost over 45 points in the previous session, fell by 60.13 points, or 0.35 percent, to 17,324.25 with stocks of capital goods, IT and power sectors leading the fall.

Similarly, the wide-based National Stock Exchange index Nifty shed 10.80 points, or 0.20 percent, to 5,242.95.

Brokers said reports that India's manufacturing sector in August reported the weakest growth rate in 9 months and a weak trend on other Asian markets, mainly dampened the trading sentiment

In the Asian region, Hong Kong's Hang Seng index fell by 0.17 percent, while Japan's Nikkei Index shed 0.42 percent in the morning trade today. The US market remained closed yesterday.

PTI

First Published: Tuesday, September 4, 2012 - 10:06

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