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Sensex falls 35 points on profit-booking in early trade

Sensex-BSE

Mumbai; Market benchmark BSE Sensex fell by some 35 points in early trade on Tuesday as funds and retail investors booked profits after Monday’s strong gains amid mixed Asian cues.

The 30-share index, which had gained 460.36 points in the previous session, fell by 34.71 points, or 0.13 per cent, to 25,654.15.

Profit-booking in stocks of auto, metal, infrastructure, consumer durables, oil&gas and PSU sectors negatively impacted the trading sentiment.

National Stock Exchange index Nifty slipped by 9.05 points, or 0.12 per cent, to 7,857.

Brokers said besides profit-booking by retail investors and funds after Monday’s rally, a mixed trend at other Asian markets led to decline in domestic stocks.

Moreover, a cautious stance by participants ahead of the key macroeconomic data and quarterly earnings by some more companies, to be released this week, influenced sentiment, they said.

Among other Asian markets, Japan’s Nikkei was up 1.50 per cent, while Hong Kong’s Hang Seng shed 0.26 per cent in early trade on Tuesday. China’s Shanghai Composite index was up 0.19 per cent.

The US Dow Jones Industrial Average ended 0.20 per cent lower in Monday’s trade.
PTI

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