Sensex down 172 pts; July F&O series starts on weak note

The BSE Sensex continued to trade in the negative terrain and was down over 70 points at 10.28 am on fresh selling by participants as July series in the derivatives segment began on a subdued note amid weak Asian cues.

At 10.28 am, BSE Sensex was down 78.81 points at 27,817.16. Similarly, Nifty was down 16.60 points at 8,381.40 during the same time.

The 30-share index, which had gained 166.30 points in the previous session, fell by 171.85 points or 0.61 per cent to 27,724.12 in early trade.

Selling in realty, banking, power, capital goods, metal, PSU, oil&gas and auto stocks weighed on the performance.

On similar lines, the NSE Nifty was trading lower by 45.50 points, or 0.54 per cent, at 8,352.50.

Brokers said besides a weak trend in global markets after another round of Greek debt reform talks ended without agreement just days before it must repay a debt to avoid default and possible euro zone exit, selling by investors despite beginning of the July F&O series, dragged down the indices.

Among other Asian markets, Japan’s Nikkei lost 0.46 per cent while Hong Kong’s Hang Seng was down 1.24 per cent in early trade on Friday.

The US Dow Jones Industrial Average ended 0.42 per cent lower in Thursday’s trade.

Bombay Stock Exchange - BSE

National Stock Exchange of India Ltd (NSE)