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Sensex, Nifty flat for second day on global cues

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Continuing its downward spiral, the benchmark BSE Sensex lost nearly 46 points to 27,939.99 in early trade, tracking weak global trend.

The 30-share index fell 45.55 points or 0.16% to 27,939.99 with sectoral indices led by capital goods, metal, healthcare, PSU and power were trading in the negative terrain with losses up to 0.68%.

The gauge had lost nearly 138 points in the previous two sessions.

At 1038 hours, the benchmark BSE Sensex was at 27,948.42, down 37.12 or 0.13% from previous day’s close.

The 50-share NSE Nifty also dropped by 17.75 points, or 0.21%, to 8611.40 in early trade.

Brokers said continued selling by participants, tracking a weak trend in other Asian markets following a lacklustre lead from US markets and a slide in crude prices, dampened sentiment.

In Asian markets, Japan’s Nikkei fell 0.22% while Hong Kong’s Hang Seng shed 0.37% in early trade. Shanghai Composite Index was down 0.11%.

The US Dow Jones Industrial Average closed 0.12% lower in Monday’s trade.
PTI

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