Sensex extends losses, down 110 points on weak Asian cues

Mumbai: The BSE Sensex today declined by over 110 points in early trade due to selling by funds and retail investors amid weak global trends.

The 30-share barometer, which lost 235.77 points in the previous two sessions, fell further by 110.29 points, or 0.39 per cent, to 27,721.25. Stocks of metal, FMCG, auto, power, capital goods and banking sectors led the fall. The wide-based National Stock Exchange index Nifty fell 40.60 points, or 0.47 per cent, to 8,425.95. Brokers said a weak trend in Asian markets with Shanghai continuing a sharp sell-off on concerns the world’s number two economy is slowing dampened trading sentiment here. Japan’s Nikkei Index was down 0.52 per cent, Shanghai Composite index shed 3.60 per cent, while Hong Kong’s Hang Seng index fell by 1.11 per cent in early trade. The US Dow Jones Industrial Average ended 0.19 per cent down in yesterday’s trade.

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