The BSE Sensex fell over 100 points in early trade Thursday on serious foreign fund loss amid increasing global crude prices and a passive trend at other Asian bourses.
The 30-share barometer, which had lost 840 points in the previous five sessions, was trading 120.01 points, or 0.33 percent, lower at 35,914.10.
On similar lines, the NSE Nifty was down 40.95 points, or 0.38 percent, at 10,752.70 points.
Traders said emotion remains bearish on constant extraction of funds by foreign institutional investor and rolling crude prices overseas.
Foreign portfolio investor sold shares worth a net Rs 676.63 crore, while domestic institutional investor bought shares worth a net Rs 713.10 crore Wednesday, temporary data showed.
In morning session on Sensex, the laggard that drag the key index down were Bharti Airtel, Coal India, NTPC, Kotak Bank, HUL, Bajaj Finance, RIL, PowerGrid, HDFC Bank, Infosys, HCL Tech, Asian Paint, ONGC, TCS, SBI, M&M, HDFC, Tata Steel and IndusInd Bank, falling up to 2.48 per cent.
However, Yes Bank rally up to 20 percent after the Reserve Bank of India (RBI) said it had not found any deviation in the asset categorization and provisioning done by the lender during 2017-18.
RBI assesses fulfillment by banks with extant prudential norms on Income Recognition, Asset categorization and provisioning (IRACP) as part of its managerial processes.
Sectorally, oil and gas, realty, PSU, customer durables, IT and metal indices led the losses, falling up to 1.44 percent.
Meanwhile, the rupee depreciates 14 paise to 70.94 against the dollar.
Brent crude futures were trading higher by 0.46 percent at USD 63.90 per barrel.
Stocks of state-run oil advertising companies such as IOC, BPCL, and HPCL were down by up to 1.50 percent.
A weak trend at other Asian markets too injured domestic trading sentiments, traders added.
Hong Kong's Hang Seng was down 0.50 percent, Shanghai's Composite Index fell 0.32 percent, Singapore's Straits Times shed 0.15 percent and Korea's Kospi slipped 0.44 percent. Japan's Nikkei, however, was a shade higher in late morning deals.
On Wall Street, the US Dow Jones Industrial Average ended 0.46 percent higher in Wednesday's trade.
