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Sensex slides 133 points in early trade; banks lead fall

Press Trust of India  |  Mumbai 

The benchmark fell over 133 points and the slipped below the 8,100-mark in early trade today as stocks led fall on fresh selling amid mixed Asian cues.

Other sectoral indices like consumer durables, PSU, FMCG and capital goods were trading in the negative zone, falling up to 1.56 per cent.

The 30-share was trading lower by 133.12 points or 0.50 per cent at 26,183.22 in early trade.

The index had soared 456.17 points in the previous session after investors crated fresh long positions in the new December series amid the rupee rebounding from record lows.

The was trading down by 23.70 points or 0.29 per cent at 8,090.60.

Brokers said sentiments were dampened with trimming of positions by participants, particularly in stocks after the Reserve Bank on Saturday introduced an incremental CRR of 100 per cent for the fortnight to absorb the surge in liquidity in system following of high value notes.

of state-owned SBI was trading lower by 2.68 per cent at Rs 253.95, fell Rs 1.75 at Rs 255.30, down 1.56 per cent at Rs 464 and shed 0.28 per cent at Rs 1,185.80, dragged down the key indices.

In Asia, Japan's Nikkei fell 0.80 per cent, while Shanghai Composite Index was quoting 0.32 per cent higher in early trade today. Hong Kong's Hang Seng index too was up 0.77 per cent.

The Dow Jones Industrial Average ended 0.36 per cent higher in Friday's trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 10:02 IST