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Sensex falls 127 points amid weak Asian trends in early trade
Tuesday, October 9, 2012
 |
| Sensex down 127 points in early trade |
Mumbai: The BSE benchmark Sensex fell by over
127 points in opening trade on Wednesday on emergence of profit selling
by funds and retail investors amid a weakening trend on Asian bourses.
The 30-share Sensex, which had gained 84.38 points yesterday, fell by 127.22 points, or 0.68 percent, to 18,666.14.
Likewise, the wide-based National Stock Exchange Nifty shed 43.20 points, or 0.76 percent, to 5,661.40.
Brokers
said Sensex rose as funds and retail investors indulged in
profit-selling amid a weak trend on Asian bourses following overnight
losses at the US market.
They said US stocks fell on Tuesday, led
by losses in technology, after brokerage downgrades major companies as
worries increased about third-quarter US earnings.
Meanwhile, in Asian region, Japan's Nikkei was down by 1.69 percent, while Hong Kong's Hang Seng index shed 0.49 percent.
The US Dow Jones Industrial Average ended 0.81 percent lower in overnight trade.
There is lot of articles on the web about this. But I like yours more, although i found one that’s more descriptive.
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