Sensex down 62 points in early trade

December 09, 2014 10:11

The benchmark BSE Sensex fell over 62 points in early trade today on sustained selling by participants in auto, capital goods, consumer durables and banking sector stocks amid a weak trend at other Asian bourses.

Continuing its slide for the third straight session, the 30-share index fell by 62.53 points, or 0.22 per cent, to 28,056.87, with a majority of key stocks trading in the negative territory.

The gauge had lost 443.42 points in the previous two sessions.

Also, the National Stock Exchange index Nifty shed 19.80 points, or 0.23 per cent, to 8,418.45 in early trade.

Brokers said besides a weak trend on other Asian bourses as investors booked profits, rising CAD in the July-September quarter dampened the trading sentiments.

Meanwhile, rising gold imports widened current account deficit to USD 10.1 billion or 2.1 per cent of GDP in July-September quarter of this fiscal, up from 1.2 per cent a year-ago.

Among other Asian markets, Japan's Nikkei shed 0.60 per cent, while Hong Kong's Hang Seng index fell 0.93 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.59 per cent lower in yesterday's trade.

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