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Journalism of Courage
The BSE benchmark Sensex today fell by almost 59 points in early trade as participants made fresh selling triggered by prevailing uncertainty on the domestic political front and a weakening trend in global markets.
Besides,ending monthly expiry in the derivatives segment also weighed on the trading sentiments.
The 30-share barometer fell by 58.85 points,or 0.31 per cent,to 18,645.68 with realty,auto and FMCG sector stocks leading the fall. The index had gained 23.11 points in the previous session on Tuesday.
Similarly,the wide-based National Stock Exchange index Nifty fell by 18.55 points,or 0.33 per cent,to 5,623.05.
The markets had remained closed yesterday on account of 8216;holi8217; festival.
Brokers said fresh selling by funds and retail investors on worries over domestic political stability and a weak trend in the Asian region in line with overnight fall on the US markets dampened the trading sentiment.
Besides,monthly expiry in the derivatives segment too generated selling,they said.
In the Asian region,Hong Kong8217;s Hang Seng index down 0.33 per cent,while Japan8217;s Nikkei fell 1.56 per cent in early trade today. The US Dow Jones Industrial Average ended 0.23 per cent lower in yesterday8217;s trade.
Indian stocks to watch-March 28
Reuters: GLOBAL MARKETS ROUNDUP
Nifty futures on the Singapore Exchange fell 0.39 percent,while the MSCI-Asia Pacific index excluding Japan is down 0.55 percent.
Asian shares eased and the euro remained under pressure on Thursday as investors fretted over the euro zone after a weak debt auction in Italy and the potential for a run on Cyprus8217;s banks when they reopen later in the day.
U.S. stocks rebounded from early declines to close little changed on Wednesday,but investors were still worried about the chance of a run on Cypriot banks and its possible implications for other euro-zone lenders.
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