Sensex down 86 points in opening trade

MUMBAI: The Bombay Stock Exchange benchmark Sensex on Tuesday opened 86 points lower on weak Asian cues.

The 30-share index, which gained over 922 points in the previous four sessions, shed 86.75 points, or 0.51 per cent to 16,857.88 points in the first five minutes of trading.

Metals, realty, technology, IT and banking sectors stocks were trading in the negative with losses extending up to 1.13 per cent.

The wide-based National Stock Exchange index Nifty fell by 31.30, or 0.61 per cent, to 5,055.00 points.

Marketmen said trading sentiment was dampened after selling by funds at existing higher levels.

A weak Asian trend further fulled the downtrend, they said.