Sensex extends losses, down 57 points

Mumbai, Dec 4 – The benchmark S&P BSE sensex extended losses for the second day by slipping another 57 points in the morning trade on mild selling pressure mainly in capital goods, banking, FMCG and refinery sectors on the back of lower global cues.

The sensex resumed lower at 20,839.45 and dropped further to 20,789.44 before quoting at 20,798.44 at 1030hrs, showing a loss of 56.48 points, or 0.27%, from its last close.

The NSE 50-share Nifty also moved down by 10.50 points or 0.17% to 6,191.35 at 1030hrs.

Major losers were ICICI Bank (1.65%), Larsen (1.26%), Sun Pharma (0.89%), HUL (0.69%), ITC (0.63%) and Bajaj Auto (0.60%).

Asian stocks fell in their early trade with investors awaiting influential US job data later this week.

Key benchmark indices in Indonesia, Hong Kong, Japan, Singapore and South Korea were down 0.15% to 2.05%, while that of China and Taiwan rose 0.35% to 1.27%.

US stocks declined for a third day yesterday as investors assessed reports on car and retail sales before US jobs data later this week that may offer clues on when the Federal Reserve will reduce stimulus.

 

Source: TOI