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Sensex down 147 pts in early trade

Jul 31 2013, 10:07 IST
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Sensex down 147 pts in early trade Sensex down 147 pts in early trade
SummaryThe BSE benchmark Sensex today fell over 147 points in early trade dragged down by realty.

The BSE benchmark Sensex today fell over 147 points in early trade dragged down by realty, power and banking sector stocks on sustained selling by funds and retail investors, after RBI lowered GDP forecast amid a falling rupee. Extending losses for the sixth straight session, the 30- share barometer fell by 147.86 points, or 0.76 per cent, to 19,200.48. Sensex has lost almost 955 points in the previous five sessions.

On similar lines, the wide-based National Stock Exchange index, Nifty, declined by 53.80 points, or 0.93 per cent, to 5,701.25. Brokers said steady selling by funds on growth concerns after the Reserve Bank lowered GDP estimates to 5.5 per cent from earlier projection of 5.7 per cent for the current fiscal, dampened the trading sentiment.

Besides, weakening rupee which fell by 60 paise to 61.07 against the dollar in early trade today, was another dampening factor, they said. Meanwhile in the Asian region, Hong Kong's Hang Seng index was up by 0.30 per cent, while Japan's Nikkei Index was down 0.48 per cent in early trade.

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