Sensex down 109 points, Nifty slips below 8,500 on global cues

Mumbai, July 22: The benchmark BSE Sensex stretched its losses for the third day today, declining over 109 points in early trade on sustained selling by investors amid weak global cues.

The NSE Nifty fell below the 8,500-mark to trade at 8,498.65 points, down by 30.80 points, or 0.36 per cent over previous close.

The 30-share Sensex fell further by 109.20 points, or 0.38 per cent, to 28,072.94 with IT, metal, teck, banking, capital goods and power stocks leading the fall.

The gauge lost 281.17 points in the previous two consecutive sessions.

Brokers said investors indulged in selling after a weak trend at other Asian markets following overnight sell-off at the US markets on corporate earnings concern.

They said even better-than-expected first quarter earnings by some companies failed to boost domestic stock markets.

In other Asian markets, Hong Kong's Hang Seng index was down 0.53 per cent while Japan's Nikkei shed 1.25 per cent in early trade today.

The US Dow Jones sank 1 per cent yesterday.

How RBI is disposing of demonetised currency worth Rs 15.28 trillion

New Delhi: Demonetised Rs 500 and Rs 1,000 notes, which have been counted and processed for genuineness, are shredded and briquetted before being disp...

RBI issues corrective framework for PSBs

New Delhi: Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PC...

No proposal under consideration to scrap Rs 2,000 note: Government

New Delhi: The government on Friday categorically said there was no proposal to discontinue Rs 2,000 currency note, which was introduced post demoneti...

Odisha govt to set up Information Technology Investment Region

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Thursday said the government has proposed to set up an Electronics System Design and Manufacturin...