Sensex down 134 points in early trade

Mumbai,November 10:The benchmark BSE Sensex fell over 134 points to dip below the 26,000-mark in early trade today on the last trading session of the Samvat Year 2071, extending losses for the fifth consecutive day on increased capital outflows amid a weakening trend in global markets.

Besides, muted Q2 earnings posted by some bluechip companies dampened sentiments.

The 30-share index dropped by 134.27 points, or 0.51 per cent, at 25,987.13 with metal, oil & gas, IT, tech, PSU and banking sector stocks, leading the slide.

The gauge had cumulatively lost 469.19 points in last four sessions.

In a similar fashion, the broad-based National Stock Exchange index Nifty slipped below the 7,900-level by losing 58.15 points, 0.73 per cent, at 7,857.05.

Brokers said sentiments remained bearish on sustained foreign fund outflows and a weak trend at other Asian markets, tracking overnight losses at the US markets as poor Chinese data and a fall in crude oil prices weighed on the market.

Among other Asian markets, Hong Kong's Hang Seng was down 0.85 per cent, while Japan's Nikkei shed 0.75 per cent in early trade today. Shanghai Composite index dropped 0.81 per cent.

The US Dow Jones Industrial Average ended 1 per cent lower in yesterday's trade.

PNB Rs 13,000 crore fraud: Mehul Choksi writes to CBI again

New Delhi: Responding to the fresh set of summons sent by Central Bureau of Investigation (CBI), absconding jeweller Mehul Choksi again wrote a letter...

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...