Sensex extends losses, down by over 127 pts in opening trade

Mumbai, Mar 11 (PTI) The Bombay Stock Exchange benchmark
Sensex fell by over 127 points in opening trade on Friday, on
continued selling by foreign funds amid a subdued trend in
global markets over weak US economic data and unrest in Saudi
Arabia.
The 30-share barometer, which lost 141.97 points in the
previous session, lost another 127.61 points, or 0.69 per
cent, to 18,200.37 points today, with metals, IT and capital
goods stocks leading the fall.
In a similar fashion, the wide-based National Stock
Exchange Nifty index moved down 43.80 points, or 0.79 per
cent, to 5,450.60 points.
The trading sentiment remained bearish on the back of a
weakening trend on other Asian bourses due to unrest in Saudi
Arabia and overnight losses in the US market due to weak
economic data, brokers said.
They said a cautious approach adopted by participants
ahead of the release of IIP data for the month of January
later today also influenced the sentiment.
Meanwhile, in the Asia region, Hong Kong's Hang Seng
index was down by 0.67 per cent and Japan's Nikkei by 1.3 per
cent in early trade this morning. In the US, the Dow Jones
Industrial Average ended 1.87 per cent lower yesterday.