Sensex sheds 71 points in opening trade
Quotes

Sensex sheds 71 points in opening trade

Last Updated: Wednesday, September 14, 2011, 09:59
 
 Comment 0
 
Sensex sheds 71 points in opening trade

Mumbai: The Bombay Stock Exchange benchmark Sensex declined by over 71 points in opening trade Wednesday on sustained selling by funds and retail investors amid fears of another hike in key short-term interest rates.

The 30-share BSE index, which has lost nearly 800 points over the previous three sessions, fell by 71.30 points, or 0.44 percent, to 16,396.14 in the first five minutes of trade Wednesday.

In a similar fashion, the wide-based National Stock Exchange Nifty index lost 13.45 points, or 0.27 percent, to 4,927.50.

Capital goods, banking, power, oil and gas and metal stocks bore the brunt of the selling pressure, dragging down the stock market indices.

Brokers said continued selling by funds and retail investors over concerns that the Reserve Bank of India may announce another hike in interest rates later this week was mainly responsible for the poor start on the bourses this morning.

They said concerns about the euro zone sovereign debt crisis also had a negative impact on the trading sentiment.

Meanwhile, in the Asian region, Hong Kong's Hang Seng Index rose by 0.96 percent, while Japan's Nikkei Index shed 0.20 percent in early trade Wednesday.
PTI




First Published: Wednesday, September 14, 2011, 09:59


Comments


comments powered by Disqus
Reminiscing Lincoln Continental
Reminiscing Lincoln Continental
Jaguar high-wire water crossing
Jaguar high-wire water crossing
2015 DFW Auto Show
2015 DFW Auto Show
Samsung Galaxy S6, Galaxy S6 Edge
Samsung Galaxy S6, Galaxy S6 Edge
Hyundai i20 Active
Hyundai i20 Active

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved