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Sensex slides 115 pts in early trade on weak Asian cues

BSE-sensex

Mumbai :The benchmark BSE Sensex tanked over 115 points in early trade today due to increased selling by participants amid weak Asian cues.

Caution ahead of expiry of November monthly contracts in the derivatives segment on Thursday influenced sentiment.

The 30-share barometer was down by 115.48 points, or 0.44 per cent, at 25,703.86 in early trade.
The index had lost 49.15 points in the previous volatile session.

Sectoral indices led by FMCG, IT, auto and capital goods were trading in the negative zone, falling up to 0.56 per cent.

The NSE Nifty was trading down by 36.60 points, or 0.46 per cent, at 7,812.65 in early trade.

Brokers said continued selling by investors, taking cues from weak Asian markets following overnight losses at the US market amid caution ahead of November futures and options expiry on Thursday dampened mood here.

Markets will remain closed tomorrow on account of ‘Guru Nanak Jayanthi.

In Asia, Shanghai composite was quoting 0.71 per cent lower, Hong Kong’s Hang Seng shed 0.64 per cent while Japan’s Nikkei was down by 0.08 per cent in early trade today.

The Dow Jones Industrial Average ended 0.17 per cent lower in yesterday’s trade.

PTI