BSE Sensex extends losses, down over 200 points after Fed’s decision

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The benchmark BSE Sensex extended losses for the fifth straight session and fell by over 200 points in morning trade on Thursday following sustained selling by funds after the US Federal Reserve decided to further taper its monetary stimulus programme .

At 10.57 AM, Sensex was down 224.33 points at 20422.97. Similarly, Nifty was down 65.40 points at 6054.85 during the same time.

Brokers said a weak trend in Asian trade sparked by emerging markets turmoil coupled with the Federal Reserve deciding to further cut its monetary stimulus by $10 billion to $65 billion dampened the trading sentiment.

They said participants adopted a cautious approach keeping in view the monthly expiry in the derivatives segments.

Besides, monthly expiry in the derivatives segment also weighed on the sentiment.

All the sectoral indices were trading in negative zone, led by consumer durables, realty and banking.

In the Asian region, Japan’s Nikkei Index tumbled 3.33 per cent, while Hong Kong’s Hang Seng index shed 1.22 per cent in early trade.

The US Dow Jones Industrial Average ended 1.19 per cent down in Wednesday’s trade.

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