Sensex extends losses on global cues, down 87 points

Mumbai: Continuing its falling streak for the fourth straight day, the benchmark BSE sensex fell by nearly 87 points in early trade on Wednesday on sustained selling by funds and investors amid weak global cues.

The 30-share barometer, which lost 765.81 points in the previous three sessions, fell by 86.98 points, or 0.31%, to 27,710.03 in early trade.

On similar lines, the National Stock Exchange index Nifty declined by 9 points, or 0.11%, to 8,331.70.

Brokers said apart from weak global cues following tougher Chinese rules on lending and political instability in Greece, capital outflows by foreign funds and selling by retail investors dampened trading sentiment here.

Stocks of FMCG, auto, consumer durables, capital goods and oil & gas sectors were leading the fall.

Among other Asian markets, Hong Kong's Hang Seng fell 0.18%, while Japan's Nikkei moved down by 1.07% in early trade.

The US Dow Jones Industrial Average ended 0.29% lower in yesterday's trade.