Sensex down 134 points; breaches 26,000-mark

The benchmark BSE Sensex fell over 134 points to dip below the 26,000-mark in early trade on Tuesday on the last trading session of the Samvat Year 2071, extending losses for the fifth consecutive day on increased capital outflows amid a weakening trend in global markets.

Besides, muted Q2 earnings posted by some blue chip companies dampened sentiments.

The 30-share index dropped by 134.27 points, or 0.51%, at 25,987.13 with metal, oil & gas, IT, tech, PSU and banking sector stocks, leading the slide.

The gauge had cumulatively lost 469.19 points in the last four sessions.

In a similar fashion, the broad-based National Stock Exchange index Nifty slipped below the 7,900-level by losing 58.15 points, 0.73%, at 7,857.05.

Brokers said sentiments remained bearish on sustained foreign fund outflows and a weak trend at other Asian markets, tracking overnight losses at the US markets as poor Chinese data and a fall in crude oil prices weighed on the market.

Among other Asian markets, Hong Kong's Hang Seng was down 0.85%, while Japan's Nikkei shed 0.75% in early trade. Shanghai Composite index dropped 0.81%.

The US Dow Jones Industrial Average ended 1% lower in Monday's trade.