Sensex down 33 points in early trade

Aug 10, 2012 |

mumbai

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Amid a weak trend in Asian region and disappointing industrial production data for June, the BSE benchmark Sensex fell for the third day in a row and lost over 33 points in early trade on Friday.

The 30-share barometer, which has lost nearly 41 points in the last two sessions, declined by 33.18 points, or 0.19 per cent, to 17,527.69.

Stocks of auto, banking and capital goods sectors led the fall.

Similarly, the wide-based National Stock Exchange index Nifty declined by 6.05 points, or 0.11 per cent, to 5,316.90.

Brokers said besides a weakening trend in Asia following overnight losses at the US markets, a decline of 1.8 per cent in industrial production in June triggered selling by participants.

Lower-than-expected quarterly earnings by some bluechip companies also dampened the sentiments, they said.

In Asian region, Hong Kong's Hang Seng index was down by 0.51 per cent, while Japan's Nikkei Index shed 0.61 per cent in early trade on Friday.

The US Dow Jones Industrial Average ended 0.08 per cent down in Thursday's trade.

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