Mumbai: The BSE Sensex fell by nearly 33 points in opening trade on Wednesday, extending Tuesday's losses in the absence of worthwhile buying activity by foreign funds in the holiday mood ahead of the year ending amid a weakening trend on other Asian bourses.
The 30-share BSE benchmark index, which lost 96.80 points in Tuesday's trade, lost another 32.90 points, or 0.21 percent, to 15,841.05 in opening trade on Wednesday.
In a similar fashion, the wide-based National Stock Exchange Nifty index declined by 10.35 points, or 0.22 percent, to 4,740.15 points.
Stocks of banking, consumer durables, capital goods and realty sectors were under pressure, pulling the Sensex down.
Brokers said the market sentiment remained bearish as foreign investors were in the holiday mood ahead of the year ending, reducing their positions.
In addition, monthly expiry in the derivatives segment on Thursday and a weakening trend on other Asian bourses in tandem with overnight losses in the US accelerated the selling activity.
In the Asia region, Hong Kong's Hang Seng index was down by 0.33 percent and Japan's Nikkei index lost 0.05 percent in morning trade on Wednesday. The US Dow Jones Industrial Average ended 0.02 percent lower in Tuesday's trade.