Bearish trading sentiment following fall in Asian stock markets amid deepening euro-zone debt crisis
THE BSE benchmark Sensex has extended its losses for the seventh straight session, losing over 128 points in the early trade today on sustained selling amid a weakening Asian trend.
The 30-share BSE Sensex which has lost over 1,107 points in the past six sessions, fell further by 128.62 points or 0.78 per cent to 16,333.09 in the first five minutes of trade, led by refinery and metal stocks.
In a similar fashion, the 50-share National Stock Exchange Nifty index declined by 41.20 points, or 0.83 per cent, to 4,893.55 points.
The trading sentiment was bearish following fall in Asian stock markets amid deepening euro-zone debt crisis.
Lower than market expected second quarter earnings by leading companies further influenced the trading sentiment.
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