Sensex down by 83 pts on weak global cues

Mumbai, September 02: The stock markets lost ground for the third day in a row, as investors forced the bellwether Sensex down by 83.73 points taking cues from weak Asian and European markets.

In a volatile trade, the 30-share index closed lower by 83.73 points at 15,467.46 points.

The broader 50-issue Nifty of the National Stock Exchange declined by 17 points or 0.37 per cent to 4,608.35.

Brokers said weak global cues triggered selling on the domestic stock markets. Realty, auto, capital goods and power counters attracted profit-booking while some of the IT shares were in keen demand.

Most of the Asian indices ended with losses between 0.61 per cent and 2.37 per cent while European indices were also trading lower in their afternoon trade following sharp fall on the Wall Street yesterday.
–PTI