Mumbai: The benchmark BSE Sensex extended losses for the fifth straight day by losing over 34 points in early trade today on sustained selling by funds amid a weak trend in other Asian markets.
The 30-share index, which has lost 544 points in the previous four sessions, fell further by 34.19 points, or 0.12 %, to 28,157.83.
Similarly, the National Stock Exchange index Nifty shed 5.10 points, or 0.06 %, to 8,546.85.
Brokers said sustained selling by participants amid a weak trend on other Asian markets after a gauge of Chinese manufacturing plunged to an 11-month low in March mainly influenced the sentiment.
Shares of Jindal Steel and Power rose by 2.75 % to Rs 158.80 after Delhi High Court yesterday directed the Centre to maintain status quo on a Chhattisgarh mine, the bid for which by the company had been cancelled by the government.
Among other Asian markets, Hong Kong’s Hang Seng was down 0.70 %, while Japan’s Nikkei index shed 0.18 % in early trade.
The US Dow Jones Industrial Average ended 0.06 % lower in yesterday’s trade.
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)