Sensex sheds 101 points on derivatives expiry, weak global cues

Mumbai: The benchmark BSE Sensex fell over 100 points in early trade today as participants cut down bets in view of the September series expiry in the derivatives segment amid a sluggish global trend.

The 30-share barometer, which had gained 171.15 points yesterday, fell 100.98 points, or 0.39 percent, to 25,722.01, with capital goods, metal, power and oil & gas sector stocks contributing to the fall in a big way.

Also, the NSE Nifty declined 15.20 points, or 0.19 percent, to 7,830.75.

Brokers said squaring-up of positions by participants with today being the last trading session of the September derivatives expiry and a weak trend at other Asian bourses following overnight losses on the Wall Street as weak Chinese and US factory data added to growth worries dampened sentiment.

Hong Kong's Hang Seng was down 1.03 percent. Japan's Nikkei, which opened after a long weekend, plunged 2.34 percent while Shanghai Composite rose 0.18 percent in early trade today.

The Dow Jones Industrial Average ended 0.31 percent lower in yesterday's trade.