BSE Sensex down 79 points in early trade,banking shares hit

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Similarly,the wide-based National Stock Exchange Nifty declined by 14.15 points,or 0.25 per cent,to 5,641.75.

Brokers said sustained capital outflows from foreign funds amid a weakening trend in the global market after the US Federal Reserve signalled a possible end to its stimulus programme,mainly dampened the trading sentiment.

Besides,weakening rupee too triggered selling pressure,they added.

Meanwhile in Asia,Hong Kong8217;s Hang Seng index down by 2.03 per cent,while Japan8217;s Nikkei fell 1.74 per cent in early trade.

The US Dow Jones Industrial Average ended 2.34 per cent lower,its biggest one-day slide of the year in yesterday8217;s trade.

Indian stocks to watch 8211; June 21

GLOBAL MARKETS ROUNDUP

Nifty futures on the Singapore Exchange are 0.56 percent down and the MSCI-Asia Pacific index excluding Japan is 0.76 percent lower.

Asian stocks extended losses on Friday as the U.S. Federal Reserve8217;s plan to scale back stimulus drove MSCI8217;s broadest index of Asia-Pacific shares outside Japan down another 0.6 percent after it hit a nine-month low on Thursday.

US stocks fell more than 2 percent on Thursday,extending the previous day8217;s sharp decline as investors fretted over the Federal Reserve8217;s plan to begin reducing its stimulus later this year if the economy strengthens.

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