Sensex tumbles over 187 points on capital outflows, global cues

Mumbai: Extending losses for the second straight session, the benchmark BSE Sensex plunged over 187 points in early trade today on increased capital outflows amidst a weak global trend. 

The 30-share barometer, which had lost 192.45 points in the previous session, fell by 187.69 points, or 0.72 per cent,  to 25,707.28. All the sectoral indices, led by realty, metal, power and  banking, were trading in negative territory with losses up to  1.91 per cent.  Similarly, the National Stock Exchange index Nifty slipped below the 7,700-mark by falling 57.90 points, or 0.75  per cent, to 7,663.40. 

Brokers said a subdued trend at other Asian markets in  line with overnight losses in the US market on weak eurozone  data and as news of Argentina's debt default and a rise in US  jobless claims shook the market, mainly dampened the trading  sentiments here.

Besides, a weakening rupee that depreciated by another 22  paise against the dollar to trade at over three-month low of  60.77 in early trade today had a negative impact on the  sentiment, they added. Among other Asian markets, Japan's Nikkei was down 0.70  per cent, while Hong Kong's Hang Seng shed 0.66 per cent in  early trade.  The US Dow Jones Industrial Average ended 1.88 per cent  down in yesterday's trade.