Sensex down by 281 pts, 3-week-low

Sensex Nifty fall in early trade amid weak Asian markets

The index had a fall of 281 points yesterday.

Market breadth was negative with 754 advances against 1,125 declines.

The broader markets also traded in line with benchmarks, with the Nifty Midcap falling 0.2 percent.

On Monday, the indices closed with substantial losses. "The Nifty hit its lowest level in nearly three weeks", Jasani added.

Sensex of the BSE, which opened at 32,990.03 points, closed at 32,941.87 points - down 91.69 points or 0.28 per cent - from Monday's close.

On the currency front, the rupee weakened by 26 paise to close at 65.42-43 against the U.S. dollar from its previous close at 65.16-17.

"Oil price worries kept energy shares such as Reliance Industries under pressure".

Inflation at the wholesale level raced to a 6-month high of 3.59 per cent in October, fuelled by food articles, data released today showed.

Uncertainty over United States tax reform, slowdown in Chinese factory output and growing political issues in the UK weaned investors away from placing more bets.

"Rise in inflation numbers and weakness in Asian peers blunted the expectations of a recovery and domestic market remained range-bound". Among the sub-indices, all sectors with the exception of Auto and Realty closed in the red.

Sectorwise, the S&P BSE capital goods index plunged by 260.55 points, followed by oil and gas index by 139.03 points and metal index by 90.19 points.

Biggest losers in the 30-share index were Adani Ports and Special Economic Zone (1.29%), TCS (1.24%), Tata Motors (1.21%) and Coal India (1.20%).