The benchmark S&P BSE Sensex failed to maintain initial gains by slipping 72 points in the late morning trade due to fresh selling pressure mainly in capital
Goods, Realty, IT and Banking sectors in view of persistent foreign capital outflows.
Sustained capital outflows from foreign funds mainly affected the market sentiment. Foreign Institutional Investors (FIIs) sold shares worth Rs 576.20 crore yesterday as per the provisional data issued by the stock exchanges.
The Sensex resumed higher at 20,286.09 and firmed up further to a high of 20,358.19 on initial strong buying mainly in metal, banking, consumer durable sectors.
However, it declined afterwards to 20,079.82 before quoting at 20,140.38 at 1030 hours, showing a loss of 120.65 points or 0.60 per cent from its last close.
The NSE Nifty also dropped by 44.40 points or 0.74 per cent to 5,978.00 at 1030 hours. US stocks dipped yesterday as technical support offset the latest batch of mixed data, which failed to lift sentiment after a string of soft economic indicators earlier in the week.
Asian shares rose in their early trade as investors weighed data showing service industries growth in the world's biggest economy against a private jobs report that missed estimates. Key benchmark indices in Japan, South Korea, Hong
Kong, Singapore and Taiwan rose between 0.27 per cent to 0.89 per cent.
Stock markets in mainland China remain closed until tomorrow, 7 February 2014, for the Lunar New Year holiday.
(PTI) BSE Sensex extends gains for 3rd day, up 54 pts
The benchmark BSE Sensex gained for the third straight session by adding 54 points in early trade today on sustained buying by funds and retail investors amid a firming Asian trend.
The 30-share barometer, which had gained nearly 52 points in the previous two sessions, rose further by 54.07 points, or 0.27 per cent, to 20,315.10 with consumer durable, healthcare, metal and oil and gas sector stocks leading the rise.
The National Stock Exchange index Nifty moved up by 17.85 points, or 0.30 per cent, to 6,040.25.
Brokers said sustained buying by funds as well as retail investors amid a firming trend on other Asian bourses mainly influenced the trading sentiment here.
Among other Asian markets, Hong Kong's Hang Seng rose by 0.34 per cent while Japan's Nikkei gained 0.37 per cent in early trade today.