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Sensex down 24 points in early trade

The benchmark BSE Sensex today fell by nearly 24 points in early trade as funds and retail investors booked profits after two sessions of gains.

business Updated: Jan 14, 2014 10:47 IST

The benchmark BSE Sensex on Tuesday fell by nearly 24 points in early trade as funds and retail investors booked profits after two sessions of gains.


The 30-share barometer, which gained 417.84 points in the previous two sessions, moved down by 23.85 points, or 0.11%, to 21,110.36, with auto, power and realty sector stocks falling the most.

Similarly, the wide-based National Stock Exchange index Nifty, moved down 3.15 points, or 0.05%, to 6,269.60.

Brokers said besides profit-booking by speculators, a weak trend on other Asian bourses, tracking a drop on the US markets after weaker-than-expected jobs data, influenced the sentiment here.

They said, however, easing retail inflation which slowed to three-month low of 9.87% in December, giving the RBI more leeway to manage interest rates, capped the losses.

In the Asian region, Japan's Nikkei was trading 2.05% down, while Hong Kong's Hang Seng shed 0.86% in early trade today.

The US Dow Jones Industrial Average ended 1.09% lower in Monday's trade.