The benchmark BSE Sensex fell almost 172 points to 27,724.12 in early trade on fresh selling by participants as July series in the derivatives segment began on a subdued note amid weak Asian cues.
The 30-share index, which had gained 166.30 points in the previous session, fell by 171.85 points or 0.61% to 27,724.12.
Selling in realty, banking, power, capital goods, metal, PSU, oil&gas and auto stocks weighed on the performance. On similar lines, the NSE Nifty was trading lower by 45.50 points, or 0.54 per cent, at 8,352.50.
Brokers said besides a weak trend in global markets after another round of Greek debt reform talks ended without agreement just days before it must repay a debt to avoid default and possible euro zone exit, selling by investors
despite beginning of the July F&O series, dragged down the indices.
Among other Asian markets, Japan’s Nikkei lost 0.46% while Hong Kong’s Hang Seng was down 1.24% in early trade.
The US Dow Jones Industrial Average ended 0.42% lower in yesterday’s trade.
PTI