28/10/2015 1:12 PM IST | Updated 15/07/2016 8:25 AM IST

Sensex Slips 156 Points, Nifty Drops Below 8,200 Level In Early Trade

Indians walk in front of a digital board displaying share price information on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, Tuesday, Jan. 6, 2015. Global stocks sank Tuesday for a second day as slumping oil prices and concern Greece might leave the European currency union fueled unease about the global growth outlook. The BSE sensex fell by over 900 points in one of its worst falls Tuesday, according to a news agency. (AP Photo/Rajanish Kakade)

MUMBAI -- The benchmark BSE Sensex tanked over 156 points and the NSE Nifty dipped below the 8,200-level in early trade today due to sustained selling by participants amid mixed Asian cues.

Caution ahead of expiry of October month contracts in the derivatives segment tomorrow also influenced sentiments.

The 30-share barometer was down by 156.11 points or 0.57 per cent to 27,097.33 in early trade.

The index had lost 217.37 points in the previous two straight sessions.

All the sectoral indices led by banking, realty and capital goods were trading in the negative zone, falling up to 0.94 per cent.

The NSE Nifty slipped below the 8,200-mark by losing 51.90 points or 0.63 per cent to 8,181.00 in early trade.

Brokers said continued selling by investors, taking cues from weak Asian markets following overnight losses at the US markets ahead of a policy statement from the Federal Reserve dampened sentiments here.

Investors are awaiting the US Federal Reserve's policy statement which could provide clues about the timing of an interest rate hike.

Among Asian markets, Shanghai composite was quoting 0.91 per cent lower, Hong Kong's Hang Seng shed 0.72 per cent, while Japan's Nikkei up by 0.60 per cent in early trade today.

The Dow Jones Industrial Average ended 0.24 per cent lower in yesterday's trade.

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