The BSE benchmark Sensex declined around 290 points during early trade today, broadening losing streak for the fourth consecutive session, on continued selling by funds amid a feeble trend on other Asian stock markets.

The BSE Sensex, which had shed more than 488 points in the past three sessions, dipped further by 289.85 points (1.72%) at 16,541.23.

The stock from the sectors including banking, real esttae, capital goods, metals and auto remained top losers.

The broad-based National Stock Exchange index Nifty declined below psychological 5,000 points level to rule at 4,995.70 after shedding 91.15 points (1.79%).

Brokers stated that the continued selling by funds amid a feeble trend on other Asian bourses over fresh fears regarding the euro zone debt disaster accompanying defeat of ruling parties in France and Greece polls, mainly press down the stock index.

Additionally, feeble Indian currency also dampened the trading reactions.

All sectoral indices remained in the red with losses up to 2.74%.

In the Asian region, the Hong Kong's Hang Seng index declined 2.40%, whereas Japan's Nikkei remained down by 2.60 per in the morning trade today.