Sensex down 57 points in early trade on Asian cues

Last Updated: Thursday, November 26, 2009 - 11:16

Mumbai: The Bombay Stock Exchange benchmark
Sensex on Thursday fell by over 57 points in early trade on capital
outflows by foreign funds, triggered by weak Asian markets.

Winding up of positions by speculators on the last day of
November month`s expiry in the derivatives segment also put
some pressure.
The Sensex, which gained over 67 points in yesterday`s
choppy trade, moved down by 57.64 points to 17,141.31 in early
trade.

The wide-based National Stock Exchange index Nifty also
drifted by 28.95 points to 5,079.20.

Brokers said besides profit booking by funds and retail
investors, weak trends at other Asian bourses, which were
down up to 1 per cent in morning trade today, also weighed on
the sentiments here.

Today being the last session of current month, November
expiry in the futures and options segment players turned
cautious and were seen winding up their positions, they said.
Reliance Industries in ex-bonus deals traded at Rs
1,093.80 against yesterday`s close of Rs 2,193.75 (cum-bonus).
Company had announced one bonus share for every share held.

Major losers were BHEL down by 0.28 per cent to Rs 2,250,
HDFC Bank by 0.45 per cent to Rs 2,794.95, ICICI Bank by 0.57
per cent to Rs 894, State Bank of India by 0.39 per cent to
Rs 2,313.80, ITC Ltd by 0.89 per cent to Rs 266.35,Tata Motors
by 0.89 per cent to Rs 638 and Mahindra and Mahindra by 0.83
per cent to Rs 1,050.90.

PTI



First Published: Thursday, November 26, 2009 - 11:16

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