Sensex opens lower by 175 points on global cues

Last Updated: Monday, February 1, 2010 - 09:44

Mumbai: The Bombay Stock Exchange benchmark
Sensex on Monday fell by over 175 points, or 1.06 points, in early
trade on fresh spell of selling by funds driven by weak trends
in the overseas bourses.

The 30-share Sensex fell by 175.85 points to 16,182.11
points in early trade.

The wide-based National Stock Exchange index Nifty
declined by 50.50 points, or 1.05 percent, to 4,831.55
points.

Sentiments on the domestic bourses were dampened by weak
trend in global markets, triggering selling by funds as well
as retail investors, brokers said.

Metal, IT and banking stocks were under pressure,
dragging the Sensex down, they added.

Among major losers, Reliance Industries fell by 0.57
percent to Rs 1,040.55, Reliance Infra by 0.95 percent to Rs
1,023.65, Infosys by 2.94 percent to Rs 2,404, Wipro by 1.30
percent to Rs 639, Sterlite by 1.40 percent to Rs 742, State
Bank of India by 0.63 percent to Rs 2,045 and ICICI Bank by
1.26 percent to Rs 819.90.

The Hong Kong`s Hang Seng index was down 1.2 percent,
while Japan`s Nikkei shed 0.40 percent in the morning trade
today. The US Dow Jones Industrial Average had closed 0.52 percent lower in the previous session.

PTI



First Published: Monday, February 1, 2010 - 09:44

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