Sensex down 67 pts in early trade on global cues

Mumbai, Dec 16 (PTI) Extending its slide for the third
day in a row, the Bombay Stock Exchange (BSE) benchmark Sensex
lost another 67 points in early trade Wednesday, with shares
of banking, oil and gas and metal sectors remaining under
pressure, on continued foreign capital outflows amid weak
global cues.
The 30-share Sensex, which had lost over 240 points in
the past two sessions, declined by 67.05 points, or 0.39 per
cent to 16,810.11 in early trade.
The wide-based National Stock Exchange index Nifty also
drifted by 21.85 points, or 0.43 per cent, to 5,011.20.
Brokers said overnight losses on the US market and weak
opening on the Asian bourses mainly dampened the trading
sentiments here, triggering selling by foreign funds.
Among losers, heavy-weight, Reliance Industries was down
0.18 per cent at Rs 1,049.50 on increased selling by
speculators and funds.
Other weak counters, which dragged the Sensex lower were
SBI down 0.13 per cent to Rs 2,177.90, HDFC Bank lower 0.57
per cent to Rs 1,68.90 and ICICI Bank dipped 0.42 per cent to
Rs 821.90.
The Hong Kong's Hang Seng index was down 0.90 per cent
in the morning trade today. The US Dow Jones Industrial
Average closed 0.47 per cent lower in Tuesday. PTI