Sensex down 84 points in early trade on weak global cues

 

Falling for the third straight session, the benchmark BSE Sensex declined by another 84 points in early trade on Wednesday on persistent capital outflows amidst a weak global trend after the IMF trimmed its growth forecast.

The 30-share barometer, which had lost 358.54 points in the previous two sessions, fell by 84.16 points, or 0.32 per cent, to trade at fresh two—month low of 26,187.81.

Brokers said sentiments have been affected on persistent capital outflows by foreign funds and a weak trend at other Asian markets following a US and European sell—off that came in response to weaker German data and the IMF’s decision to cut its growth forecast for the global economy. 

himanshu chudhary

pgdm 3rd sem