Sensex moves in tight range; hovering around 19,300
Mumbai: The BSE Sensex on Friday lost over 25 points in early trade, extending losses for the second straight session due to sustained selling by funds amid a weak trend in other Asian bourses.
The 30-share BSE benchmark index, which had lost 317.39 points yesterday, fell by 25.83 points, or 0.13 percent, to 19,299.53 in the early trade.
Similarly, the wide-based the National Stock Exchange Nifty declined by 14.50 points, or 0.24 percent, to 5,837.75.
Brokers said, sustained selling by funds amid weak trend in other Asian bourses in line with overnight losses in the US market, mainly influenced the trading sentiment here.
In the Asian region, Hong Kong's Hang Seng index was down by 0.50 percent and Japan's Nikkei index shed 0.31 percent in the morning trade today.
The US Dow Jones Industrial Average ended 0.34 percent lower in yesterday's trade.