Mumbai, November 12: Continuing its slide for the third straight session, the Bombay Stock Exchange benchmark Sensex lost 113 points in opening trade on sustained selling, triggered by weak global markets.
The 30-share index, which had lost 343.39 points in the previous two sessions, fell further by 113.34 points or 0.55 percent to 20,475.75 points, as realty, metal, auto and banking stocks remained under pressure.
The wide-based National Stock Exchange index Nifty also declined by 30.80 points or 0.49 percent to 6,163.45 points.
Stock brokers said weak trend in other Asian markets following overnight losses at the US markets dampened the trading sentiment. However, expectations of encouraging industrial output data for September quarter, due to be released later Friday, capped the losses.
They added shifting of funds by investors towards the primary market to subscribe Intial Public Offer of state-run Power Grid Corporation of India also affected the market.
Hong Kong’s Hang Seng Index was down 1.28 percent, while Japan’s Nikkei index fell by 0.38 per cent in morning trade.
In the US, Dow Jones industrial average ended 0.65 percent down in Thursday’s trade.
—PTI