Sensex Falls 37 Points in Early Trade on Profit-Booking
By PTI | Published: 06th August 2014 10:07 AM |
MUMBAI: The benchmark BSE Sensex fell over 37points to 25,870.56 in early trade today as funds and retail investors booked profits after two sessions of gains amid a weak trend in the Asian region.
The 30-share barometer, which had gained 427.17 points in the previous two sessions, moved down by 37.45 points, or 0.14per cent, to 25,870.56, led by weakness in banking, auto, oil& gas, capital goods and PSU sector stocks.
Similarly, the National Stock Exchange index Nifty fell20.45 points, or 0.26 per cent, to 7,726.10.
Brokers said besides profit-booking by speculators after recent gains, a weak trend at other Asian markets after a sharp fall in US markets, influenced the sentiments here.
Among other Asian bourses, Japan's Nikkei was trading one percent lower, while Hong Kong's Hang Seng shed 0.36 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.84 per cent lower in yesterday's trade.