Sensex falls 124 pts ahead of budget, weak global cues

Mumbai, Jan 31 (PTI) The benchmark Sensex dropped belowthe 36,000-mark by falling over 124 points in early sessiontoday as participants trimmed positions ahead of the Unionbudget amid fresh outflow by

Mumbai, Jan 31 (PTI) The benchmark Sensex dropped below

the 36,000-mark by falling over 124 points in early session

today as participants trimmed positions ahead of the Union

budget amid fresh outflow by foreign funds.

The 30-share index fell by 124.28 points or 0.34 per

cent at 35,909.45 in opening session as consumer durables,

capital goods, IT, healthcare and teck stocks dropped.

The index had dropped 249.52 points in the previous

session.

The 50-share NSE Nifty was trading lower by 38.95 points,

or 0.35 per cent, at 11,010.70.

Sentiment turned cautious as investors preferred to

reduce their positions ahead of the Union budget to be

presented tomorrow.

Foreign funds sold shares worth Rs 105.56 crore, while

domestic institutional investors offloaded equities worth

Rs 281.65 crore yesterday, provisional data showed.

A weak trend in Asia coupled with a overnight sell-off

on the Wall Street dampened the sentiment here, traders added.

In the Asian region, Japan’s Nikkei was down 0.11 per

cent, Shanghai Composite Index shed 0.10 per cent, while Hong

Kong’s Hang Seng fell 0.03 per cent in early deals.

The US Dow Jones Industrial Average ended sharply lower

by 1.37 per cent yesterday.

This is published unedited from the PTI feed.