Sensex Slides 109; Investors Cautious Ahead Of GST Debate

Sensex Slides 109; Investors Cautious Ahead Of GST Debate
Sensex Slides 109; Investors Cautious Ahead Of GST Debate

Brokers said continued selling by investors, taking cues from weak Asian markets as Japan’s economy-boosting stimulus disappointed investors amid overnight losses at the US markets, dampened mood in India

BSE benchmark Sensex fell nearly 109 points and NSE Nifty dipped below the 8,600-mark in early trade on Wednesday owing to increased selling in various counters as participants adopted a cautious approach ahead of GST debate in Rajya Sabha.Besides, weak Asian cues also influenced investors sentiment, pulling the 30-share barometer down by 108.55 points, or 0.39 percent, at 27,873.16 in early trade.

The index had lost 226.89 points in the previous three sessions.Sectoral indices led by FMCG, oil and gas, realty, power, infrastructure, banking and healthcare were trading in the negative zone, falling up to 0.60 per cent.The NSE Nifty was trading down by 36.30 points, or 0.42 percent, at 8,586.60 in early trade.Brokers said continued selling by investors, taking cues from weak Asian markets as Japan’s economy-boosting stimulus disappointed investors amid overnight losses at the US markets, dampened mood in India.In Asia, Japan’s Nikkei fell 0.86 percent, while Hong Kong’s Hang Seng index shed 1.70 per cent in early trade today. Shanghai Composite index, however, was quoting 0.04 per cent higher.The Dow Jones Industrial Average ended 0.49 per cent lower in Tuesday’s trade.