Sensex falls 71 pts, Nifty down 29 pts
The BSE benchmark Sensex fell by over 71 points in early trade today on fresh selling by funds ahead of first quarter GDP data.
The 30-share barometer, which had gained 50.83 points in yesterday's volatile session, fell by 71.28 points, or 0.41 per cent, to 17,470.36. Stocks of IT, power and realty sectors lead the fall.
Similarly, the wide-based National Stock Exchange index Nifty shed 29.15 points, or 0.55 per cent, to 5,285.90.
Marketmen said selling by funds and retail investors ahead of first quarter GDP data to be announced later in the day today amid a subdued trend in Asian markets, following weak Japanese economic figures, mainly influenced the trading sentiment here.
In Asian region, Hong Kong's Hang Seng index was down by 0.25 per cent, while Japan's Nikkei Index lost 1.11 per cent in the morning trade today.
The US Dow Jones Industrial Average had ended 0.81 per cent lower in yesterday's trade.
MARKETS-INDIA-STOCKS/PRE-OPEN:
GLOBAL MARKETS
The Nifty futures in Singapore Exchange fell 0.19 percent, while the MSCI-Asia Pacific index excluding Japan fell 0.19 percent.
U.S. stocks fell on Thursday after several days of muted trading as investors took a defensive posture before Federal Reserve Chairman Ben Bernanke's much-awaited speech on Friday.
Asian shares fell on Friday as investors cooled expectations that Bernanke will offer any signal of a further monetary stimulus.
FACTORS TO WATCH
GDP data for April-June period (Around 11.00 IST or 0530GMT.
July fiscal deficit (Around 4.00 IST or 1030 GMT).
RBI to release forex, bank loan data. (1130GMT)
INDIAN STOCKS
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