Tuesday, April 12, 2011

Sensex on a downslide, opens 161 points down

Bombay Stock Exchange benchmark Sensex continued its decline for the sixth day on Wednesday, opening 161 points down on sustained selling in line with weak global trends and sober domestic market sentiment on the back of low industrial output.

The 30-share barometer, which had lost 440 points in the last five sessions, slumped by another 160.91 points, or 0.83 per cent to 19,101.63 level during the first few minutes of trade today, with realty, consumer durables and metal stocks remaining under pressure.

In a similar fashion, the wide-based National Stock Exchange Nifty index slid by 50.15 points, or 0.86 per cent to 5,735.55 points.

Brokers said a weakening Asian trend followed by lower closing in the US market influenced the trading sentiments.

Further, a dip in the industrial production for the month of February to 3.7 per cent from 3.9 per cent in January also dampened the market expectations.

Meanwhile, of other major Asian indices, the Hong Kong’s Hang Seng slipped by 0.13 per cent, while the Japan’s Nikkei was 0.22 per cent up in the early trade this morning.

In the US, the Dow Jones Industrial Average ended 0.95 per cent lower in the previous session on Tuesday.


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