Sensex down 60 points in early trade

Sep 04, 2012 |

mumbai

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The BSE benchmark Sensex on Tuesday fell by over 60 points in early trade, extending losing streak for the third straight session as funds and retail investors engaged in selling activity on reports that the manufacturing sector in August reported the weakest growth rate in 9 months.

The 30-share index, which had lost over 45 points in the previous session, fell by 60.13 points, or 0.35 per cent, to 17,324.25 with stocks of capital goods, IT and power sectors leading the fall.
Similarly, the wide-based National Stock Exchange index Nifty shed 10.80 points, or 0.20 per cent, to 5,242.95.

Brokers said reports that India's manufacturing sector in August reported the weakest growth rate in 9 months and a weak trend on other Asian markets, mainly dampened the trading sentiment

In the Asian region, Hong Kong's Hang Seng index fell by 0.17 per cent, while Japan's Nikkei Index shed 0.42 per cent in the morning trade on Tuesday.

The US market remained closed on Monday.

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