Sensex slips 56 pts as May series gets off to a shaky start
Mumbai : The BSE Sensex fell about 56 points to trade at 25,547.45 in early trade today on continued selling by participants as the May derivatives series began on a negative note amid a weak trend in the global market.
The 30-share Sensex, which lost 461 points in the previous session, fell by another 55.65 points, or 0.21 per cent, to 25,547.45.
Technology, consumer durables, IT, power, auto, banking and capital goods were in the negative zone, falling up to 0.42 per cent.
Also, the NSE Nifty was down 15.65 points, or 0.19 per cent, at 7,831.60.
Brokers said sustained selling by participants despite the beginning of May futures and options series and a weak trend in Asia tracking losses in the US weighed on sentiment.
Data showed that the US economy grew at a slower-than-expected pace in the first three months of this year.
Hong Kong’s Hang Seng was down 1.42 per cent while the Shanghai Composite index fell 0.31 per cent in early trade Japanese financial markets are closed today for a public holiday.
The US Dow Jones Industrial Average ended 1.17 per cent lower in yesterday’s trade.