Mumbai:Â The benchmark BSE Sensex declined by 111 points in early trade on Friday due to selling by funds and investors on earnings concerns amid a weak trend overseas.
The 30-share barometer, which had lost 134.09 points in the previous session, fell further by 111.72 points, or 0.39%, to 28,259.12 in early trade.
Capital goods, banking, auto, power and FMCG stocks were among the major losers.
On similar lines, the broad-based National Stock Exchange index Nifty shed 20.65 points, or 0.24%, to 8,569.15.
Brokers said disappointing quarterly earnings from some bluechip companies and a weak trend at other Asian markets dampened trading sentiment here.
Bucking the trend, Reliance Industries was trading a shade higher at Rs 1,045.75 ahead of its financial results, to be announced later on Friday.
Among other Asian markets, Hong Kong’s Hang Seng fell by 0.92%, while Japan’s Nikkei moved down by 0.68% in early trade.
The US Dow Jones Industrial Average ended 0.67% lower on Thursday on weak corporate earnings.