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Sensex trading below 19,500-level mark; down 183 points

Last Updated: Monday, March 18, 2013 - 11:43

Mumbai: The BSE Sensex Monday fell by over 183 points in early trade, extending losses for the second straight session, due to sustained selling by funds amid a weak trend on other Asian bourses.

The 30-share benchmark index, which had lost 142.88 points on Friday, lost 183.14 points, or 0.94 percent, to 19,244.42 in the early trade.

Similarly, the wide-based the National Stock Exchange Nifty declined by 58.25 points, or 0.99 percent, to 5,814.35.

All the sectoral indices, led by metals, realty and bank, were trading in the negative zone, with losses of up to 2.07 percent.

Brokers said continued selling by funds largely in line with a weak trend in Asian bourses as euro-zone fears returned on news that Cyprus was planning to tax bank depositors as part of a controversial bailout, influenced the trading sentiment here.

In the Asian region, Hong Kong's Hang Seng index was down by 2.04 percent and Japan's Nikkei index shed 2.15 percent in the morning trade. The US Dow Jones Industrial Average ended 0.17 percent lower in Friday's trade.

PTI

First Published: Monday, March 18, 2013 - 09:38
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