BSE Sensex extends losses for 4th day,down 85 pts in early trade

Stocks of capital goods,realty and power sectors were major losers,pulling down the benchmark Sensex.

Similarly,the wide-based National Stock Exchange index,Nifty,declined by 28.85 points,or 0.47 per cent,to 6,065.65.

Brokers said sustained selling by funds amid a weak trend in Asian region following overnight losses at the US market after Federal Reserve said the Fed could scale back stimulus measures if economic conditions improved,mainly influenced the trading sentiment here.

Besides,a weakening rupee,which dipped to over six-month low against the dollar yesterday also hit the sentiment,they said.

Stocks of state-run lender,State Bank of India fell 1.32 per cent to Rs 2,333.15 ahead of fourth quarterly earnings.

In the Asian region,Hong Kong’s Hang Seng index traded lower by 1.56 per cent,Japan’s Nikkei Index fell 2.18 per cent,in early trade.

The US Dow Jones Industrial Average ended 0.52 per cent lower in yesterday’s trade.

Indian stocks to watch-May 23

(Reuters): GLOBAL MARKETS ROUNDUP

Nifty futures on the Singapore Exchange are 0.5 percent down and the MSCI-Asia Pacific index excluding Japan is 1.5 percent lower.

Japanese government bond prices dived and 10-year JGB futures tumbled a full point,prompting the Tokyo Stock Exchange to temporarily suspend trade as the dollar hit a near three-year high versus a basket of currencies on Thursday.

U.S. stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks,after minutes from the latest U.S. Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting.

FACTORS TO WATCH

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