Mumbai: The BSE benchmark Sensex declined by over 84 points in early trade on Friday on sustained selling by funds and retailers, triggered by disappointing corporate earnings amid a weak trend on Asian bourses.

The 30-share barometer, which has lost almost 168 points in the last two trading days, moved down further by 84.35 points, or 0.49 percent, to 17,066.84.
    
Similarly, the broad-based National Stock Exchange Nifty index declined by 24.75 points, or 0.48 percent, to 5,163.65.

Auto, realty and banking sectors were major losers, dragging the Sensex down. Brokers said fresh selling by funds and retailers as sentiment remained bearish on disappointing Q4 earnings, a weakening rupee and subdued trend on the Asian bourses.

In the Asia region, Hong Kong's Hang Seng index fell by 0.48 percent, while Japan's financial markets remained closed today for a public holiday. The US Dow Jones Industrial Average ended 0.47 percent lower in Thursday's trade on weak economic data.

(Agencies)

Latest news from Business News Desk