Sensex down 57 points in early trade on profit-booking

Snapping a four-day gaining streak, the BSE benchmark Sensex today fell over 57 points in early trade due to profit-booking after recent gains amid a mixed trend in other Asian markets.

Snapping a four-day gaining streak, the BSE benchmark Sensex on Thursday fell over 57 points in early trade due to profit-booking after recent gains amid a mixed trend in other Asian markets.

HT Image

The 30-share barometer, which had gained nearly 620 points in the last four sessions, lost 57.30 points, or 0.33%, to 17,200.08. Stocks of auto, metal and capital goods sectors led the fall.

Similarly, the wide-based National Stock Exchange index Nifty declined by 18.70 points, or 0.36%, to 5,211.80.

Brokers said besides profit-booking by participants, mixed trend in other Asian markets influenced the sentiment.

They said reports of Goldman Sachs Group cutting its economic growth forecast for the second time in two months also dampened the sentiment.

In the Asian region, Hong Kong's Hang Seng index was down marginally by 0.33%, while Japan's Nikkei Index edged higher by 0.32% in early trade on Thursday.