Sensex slides 28 pts on profit booking, weak global cues
Extending its losses for the third straight session the Bombay Stock Exchange benchmark Sensex today slipped by nearly 28 points in the opening trade on profit booking amid weak global cues.business Updated: Sep 24, 2010 09:44 IST
Extending its losses for the third straight session the Bombay Stock Exchange benchmark Sensexon Friday slipped by nearly 28 points in the opening trade on profit booking amid weak global cues.
The 30-share index declined by 27.49 points to 19,833.52 level in the first five minutes of trade. The index had lost over 140 points in the previous two sessions.
Similarly, the wide-based National Stock Exchange index Nifty also shed 8.35 points to 5,951.55.
Analysts said that the market sentiment dampened as investors booked profits and preferred shifting their money to the primary market.
Besides, weak cues from Asian markets after overnight losses on the US markets too weighed on the Indian bourses, they added.
Hong Kong's Hang Seng Index was down 0.07 per cent, while Japanese Nikkei index fell by 1.25 per cent in the morning trade. The US Dow Jones Industrial average ended 0.72 per cent down in Thursday's trade.