Sensex down 36 points in early trade on profit-booking | business | Hindustan Times
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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.