Sensex slides in the early trade, losses over 142 points on the Asian cues

Sensex slides in the early trade, losses over 142 points on the Asian cues

By: Shan
24 Feb 2016

Sensex suffers more losses as it slides over 142 points on the Asian pain. Benchmark Sensex has remained on the edge by falling up to 142 points on Wednesday in the early trade on weak by extending over 100 points fall on Tuesday, on a continual capital flow by the foreign funds and selling the amid restrained Asian shares by the retail investors.

There was cautiousness among the investors ahead of the railway budget tomorrow and the derivatives expiry. The 30-share index that in the previous session had lost almost over 379 points is leaped to 23,268.29 with a fall of 141.89 points (i.e. 0.69%).

All the sectorial indices led by bank, PSU and metal slid into the negative zone, falling up to 1.93%. Also the NSE Nifty has cracked below 7,100 marks with a fall up to 47.10 points (i.e. 0.66%) to7, 062.45.

Brokers have depicted that the market sentiment was very much fragile following the FII pullout when Asia has churned out to be weaker following the European lackluster, US economic data along with a drop of the oil prices.

The Hang Seng index of Hong Kong was shown to be dropped down to 1.37%, whereas the Japan’s Nikkei shack to 0.65% in the early trade weak, Wednesday. While Shanghai was shown lower by 0.28%. The US Dow Jones has been ended to 1.14% as per the Tuesday’s trade.

Now as per the latest report, the Sensex has ended with 321 points falling lower on the Global Clues. Selling was found contumely over the various sectors, where the metal stocks became theworst hit in the today’s trades. BHEL stands as the top Nifty loser, falling 5% to 93.45.

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