Sensex falls by 78 pts in early trade on weak Asian cues

Feb 09, 2012 |

mumbai

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The BSE benchmark index Sensex fell by over 78 points in early trade on Thursday on fresh selling by funds amid a weakening trend on other Asian bourses.

The 30-share index, which had gained 84.87 points yesterday, moved down by 78.33 points, or 0.44 per cent, to 17,628.99 points.

The wide-based Nifty of the National Stock Exchange declined by 15.65 points, or 0.29 per cent, to 5,352.50 points.

Metal, IT and oil and gas stocks led the decline. Brokers said fresh selling by funds amid weakening trend on other Asian bourses mainly influenced the trading sentiment.

In the Asia region, Hong Kong's Hang Seng index was down by 1.08 per cent and Japan's Nikkei index shed 0.56 per cent in morning trade on Thursday.

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