Sensex down 36 points in early trade on profit-booking
The BSE benchmark Sensex declined by nearly 36 points in early trade today, snapping three-session rising streak, as participants booked profits after recent gains amid a weak trend overseas.business Updated: Aug 01, 2012 11:54 IST
The BSE benchmark Sensex declined by nearly 36 points in early trade on Wednesday, snapping three-session rising streak, as participants booked profits after recent gains amid a weak trend overseas.
The 30-share barometer, which had gained over 598 points in the last three sessions, fell by 35.91 points, or 0.20%, to 17,200.27.
In a similar fashion, the wide-based National Stock Exchange index Nifty shed 14.95, or 0.28%, to 5,214.05 points.
Brokers said emergence of profit-booking by funds and retail investors after three sessions of gains mainly dampened the trading sentiment.
Besides, a weak trend on Asian bourses following weak Chinese manufacturing data too had influenced the market.
In Asian region, Hong Kong's Hang Seng fell 0.02%, while Japan's Nikkei shed 0.99% in early trade on Wednesday.
The US Dow Jones Industrial Average ended 0.49% lower in yesterday's trade as investors looked to the Federal Reserve's two-day monetary policy meeting.