Sensex down 116 points in early trade
The BSE benchmark Sensex on Friday fell by nearly 116 points in early trade, due to increased selling by funds largely in tandem with a weakening trend on other Asian bourses after the European Central Bank dashed hopes of immediate action to solve the eurozone crisis.
The 30-share barometer which had lost 33.02 points on Thursday fell by another 115.95 points, or 0.67 per cent, to 17,108.41 points, as all sectoral indices led by metal and auto trading in the negative with losses up to 1.55 per cent.
The wide-based National Stock Exchange index Nifty also declined 37.10 points, or 0.71 per cent, to 5,190.65.
Brokers said selling by funds amid a weak trend on Asian bourses following overnight losses at the US market after the European Central Bank dashed hopes of immediate action to solve the eurozone crisis, mainly dampened the trading sentiment here.
Besides, deficient monsoon in the country also had negative impact, which raised worries about inflation, they said.
In Asian region, the Hong Kong's Hang Seng index fell by 0.77 per cent, while Japan's Nikkei lost 1.62 per in early trade.
The US Dow Jones Industrial Average shed 0.71 per cent in Thursday's trade.
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