On Tuesday, the BSE benchmark Sensex declined by almost 60 points in early trade on sustained selling by investors on worries over domestic political stability and a weakening trend in global markets.

Fact-fully, extending losses for the 8th straight session, the 30-share barometer fell by 59.72 points, or 0.32 per cent, to 18,621.70 with all the sectoral indices led by realty and auto, falling up to 0.90 per cent. The index had lost 890 points in the past seven sessions. Likewise, the wide-based National Stock Exchange index Nifty fell by 20.10 points, or 0.36 per cent, to 5,613.75.

According to the Brokers, continued selling by funds as well as retail investors on worries over domestic political stability and a weak trend in the Asian region in line with overnight fall on the global markets dampened the trading sentiment. They added that besides, approaching monthly expiry in the derivatives segment and financial year ending too targeted selling.

As a concluding factor, in the Asian region, Hong Kong’s Hang Seng index shed 0.19 per cent, while Japan’s Nikkei fell 0.67 per cent in early trade today. In fact, the US Dow Jones Industrial Average ended 0.44 per cent lower in yesterday’s trade.

(AW:Samrat Biswas)