Sensex down 400 points in early trade on profit-booking
The BSE benchmark index Sensex today declined by over 400 points in early trade, as funds and retail investors booked profits after recent gains amid mixed trend on other Asian bourses.business Updated: Aug 16, 2013 10:34 IST
The BSE benchmark index Sensex on Friday declined by over 400 points in early trade, as funds and retail investors booked profits after recent gains amid mixed trend on other Asian bourses.
The 30-share index, which has gained nearly 703 points in the previous four sessions, fell by 145.82 points, or 0.72%, to 19,221.77 with all the sectoral indices led by consumer durables, banking and realty coming under pressure.
In a similar fashion, the wide-based National Stock Exchange index Nifty fell by 53.35 points, or 0.93%, to 5,688.95.
Brokers said besides profit-booking by participants after four sessions of gains and a mixed trend on the Asian bourses in line with overnight losses on the US markets, led to the decline in the benchmark Sensex.
In the Asian region, Japan's Nikkei Index was down by 0.40%, while Hong Kong's Hang Seng index up by 0.41% in early trade on Friday.
The US Dow Jones Industrial Average ended 1.47% lower on Thursday.