Sensex falls 35 points on profit-booking in early trade

Tuesday, May 10, 2016,11:40 IST By metrovaartha A A A

Mumbai | Market benchmark BSE Sensex fell by some 35 points in early trade Tuesday as funds and retail investors booked profits after yesterday’s strong gains amid mixed Asian cues.

The 30-share index, which had gained 460.36 points in the previous session, fell by 34.71 points, or 0.13 per cent, to 25,654.15. Profit-booking in stocks of auto, metal, infrastructure, consumer durables, oil&gas and PSU sectors negatively impacted the trading sentiment. National Stock Exchange index Nifty slipped by 9.05 points, or 0.12 per cent, to 7,857.

Brokers said besides profit-booking by retail investors and funds after yesterday’s rally, a mixed trend at other Asian markets led to decline in domestic stocks. Moreover, a cautious stance by participants ahead of the key macroeconomic data and quarterly earnings by some more companies, to be released this week, influenced sentiment, they said.

Among other Asian markets, Japan’s Nikkei was up 1.50 per cent, while Hong Kong’s Hang Seng shed 0.26 per cent in early trade today. China’s Shanghai Composite index was up 0.19 per cent. The US Dow Jones Industrial Average ended 0.20 per cent lower in yesterday’s trade.

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