Sensex extends losses, down 34 pts in early trade
By FnF Correspondent | PUBLISHED: 24, Mar 2015, 11:50 am IST | UPDATED: 24, Mar 2015, 11:56 am IST
Mumbai: The benchmark BSE Sensex extended losses for the fifth straight day by losing over 34 points in early trade on Tuesday 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 Monday's trade.