Sensex down 100 points in early trade on profit-booking
Mumbai : The benchmark BSE Sensex fell by over 100 points in early trade today due to profit-booking by investors after recent gains amid weak cues from Asian markets.
The 30-share barometer fell by 100.77 points or 0.39 per cent to 25,703.01, with indices — IT, auto, consumer durable, metal and bank — leading the fall.
The index had gained 759.35 points in the last four sessions.
Also, the NSE Nifty was trading lower by 35.10 points or 0.44 per cent at 7,809.35.
Brokers said that apart from profit-booking in recent gainers, weak trend at other Asian bourses, tracking overnight losses at the US markets, mainly influenced the sentiment.
In the Asian region, Hong Kong’s Hang Seng was quoting lower by 0.23 per cent and Shanghai Composite was down 0.12 per cent in early trade. Japan’s Nikkei shed 0.24 per cent.
The Dow Jones Industrial Average ended 1.43 per cent lower in yesterday’s trade.