Sensex falls 65 points on weak global cues

Aug 27, 2010 |

mumbai

The Bombay Stock Exchange benchmark Sensex on Friday fell by 65 points in early trade as funds and retail investors sold oil, banking and information technology stocks, taking cues from weak global markets.

The 30-share index fell by 65.53 points, or 0.36 per cent, to 18,160.82 points in the first five minutes of trade. The barometer had gained 46.71 points on Thursday. The wide-based National Stock Exchange index Nifty also declined by 25.10 points, or 0.45 per cent, to 5,452.80 points.

Brokers said selling pressure emerged on the domestic bourses following a weak opening in the Asian region after overnight losses on the US market. Hong Kong's Hang Seng index traded lower by 0.05 per cent, while Japan's Nikkei was down 0.87 per cent in early trade. The US Dow Jones Industrial Average ended 0.74 per cent on Thursday.

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