Sensex sheds 101 pts on derivatives expiry, weak global cues
Mumbai: The benchmark BSE Sensex fell over 100 points in early trade today as participants cut down bets in view of the September series expiry in the derivatives segment amid a sluggish global trend.
The 30-share barometer, which had gained 171.15 points yesterday, fell 100.98 points, or 0.39 per cent, to 25,722.01, with capital goods, metal, power and oil & gas sector stocks contributing to the fall in a big way.
Also, the NSE Nifty declined 15.20 points, or 0.19 per cent, to 7,830.75.
Brokers said squaring-up of positions by participants with today being the last trading session of the September derivatives expiry and a weak trend at other Asian bourses following overnight losses on the Wall Street as weak Chinese and US factory data added to growth worries dampened sentiment.
Hong Kong’s Hang Seng was down 1.03 per cent. Japan’s Nikkei, which opened after a long weekend, plunged 2.34 per cent while Shanghai Composite rose 0.18 per cent in early trade today.
The Dow Jones Industrial Average ended 0.31 per cent lower in yesterday’s trade.