Sensex sheds 137 points during early trade

Mumbai  : A benchmark index of Indian equities markets tanked 136.96 points or 0.66 percent down in the morning trade Wednesday.

Selling pressure was observed in IT, technology, media and entertainment (TECK) and auto sectors, while marginal good buying was seen in metal sector.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,875.31 points, was trading at 20,728.01 points in the early session, down 136.96 points or 0.66 percent from previous day’s close at 20,864.97 points.

The Sensex touched a high of 20,922.32 points and a low of 20,716.50 points during the trade so far.

The S&P BSE IT index tanked by 156.62 points, TECK dropped by 70.47 points and auto index slipped by 89.24 points; while metal index moved up by 29.88 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading down at 44.20 points or 0.71 percent down at 6,158.60 points.

Photo  : AFP