Sensex sheds 141 points in early trade

Mumbai, Feb 10 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday was trading 141.51 points, or 0.59 percent, down during the morning session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 43.55 points or 0.60 percent down at 7,254.65 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 23,938.32 points, was trading at 23,879.47 points (at 9.22 a.m.) in the early session, down 141.51 points, or 0.59 percent, from the previous day’s close at 24,020.98 points.

The Sensex touched a high of 23,938.32 points and a low of 23,861.21 points in the trade so far.

On Tuesday, while the Sensex closed 266.44 points, or 1.10 percent, lower, the Nifty ended with a loss of 89.05 points, or 1.21 percent.

This was over and above the loss of 329.55 points, or 1.34 percent, for Sensex and 102 points, or 1.36 percent for Nifty on Monday.

Tuesday also saw some volatile trading globally.

“The US markets eventually ended in red after a lackluster performance as traders kept a close eye on the price of crude oil, which saw considerable volatility on the day,” Angel Broking said in an analysis before the opening bell for Indian bourses on Wednesday.

“The European markets also ended in negative territory, extending their losing streak to a seventh session. Concerns about global growth prospects continue to plague the markets. Bank stocks also continued to get hammered due to concerns over troubled loans.”

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