Business

Sensex down 101 points in early trade on extensive selling

Mumbai, November 5:Extending its fall for the second session, the benchmark BSE Sensex fell by another 101 points to trade at 26,451 in early trade on Thursday on widespread losses on sustained selling by cautious investors ahead of the east-Indian state Bihar's elections result.

The 30-share barometer, which had lost 37.67 points on Wednesday, fell further by 101.82 points, or 0.38 per cent, to 26,451.10.

Also, the NSE Nifty declined by 37.80 points, or 0.47 per cent, to 8,002.40. Major losers that dragged down the key indices included Vedanta Ltd, Sun pharma, Bharti Airtel, Axis Bank, Lupin, Tata steel, RIL, ICICI Bank and Dr Reddy.

Investors are cautious awaiting Bihar assembly polls outcome, as also weaker-than-expected Q2 earning by some bluechip companies impacting market sentiments, brokers said.

In Asian markets, Hong Kong's Hang Seng was up 0.27 per cent, while Japan's Nikkei rose by 1.04 per cent in early trade on Thursday. Shanghai Composite index was up 2.69 per cent.

The Dow Jones Industrial Average, however, ended 0.28 per cent lower in Wednesday's trade.

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