Sensex eases further on selling in IT sector

The benchmark BSE Sensex declined further by 20 points in early trade today on selling mainly in IT sector amid lower Asian cues and foreign capital outflows.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 109.45 crore last Friday, as per provisional data.
The 30-share index Sensex resumed lower at 28,433.00 and hovered in a range of 28,494.85 and 28,380.93 before quoting at 28,438.36 points at 1000 hours.
It showed a loss of 19.74 points or 0.07 per cent from its last close.
The NSE 50-share Nifty also moved down by 9.85 points or 0.12 per cent to 8,528.45 at 1000 hours.

Major losers were Infosys (3.72 pct), TCS (1.81 pct), Dr Reddy's Lab (1.23 pct), SSLT (1.12 pct) and Hindalco (0.80 pct).

Asian stocks were trading mostly lower in their early trade after disappointing data from Japan and China.
Key benchmark indices in Taiwan, Singapore, South Korea and Indonesia were off 0.01 to 0.6 per cent while indices in Japan, China and Hong Kong were up 0.08 to 1.42 per cent.
However, US stocks rose last Friday lifting the Dow and S&P 500 to a record high as investors embraced a stronger-than-forecast November payrolls report as backing the view that the economy can handle rate hikes by the Federal Reserve in 2015.