Sensex slides 72 points in early trade on profit booking

Thursday, Sep 8, 2016,10:57 IST By metrovaartha A A A

Mumbai | The BSE benchmark Sensex fell nearly 72 points to slip below the 8,900-mark in early trade Thursday owing to increased selling in various counters by participants in recent gainers.

Besides, mixed global cues also influenced investors sentiment, pulling the 30-share barometer down by 71.80 points or 0.24 per cent at 28,854.56 in early trade.

The index had lost 51.66 points in the previous session.

Sectoral indices led by IT, teck, bankex, consumer durables and power were trading in the negative zone, falling up to 3.06 per cent.

The NSE Nifty was trading down by 21.05 points or 0.23 per cent at 8,896.90.

Brokers said increased selling by investors to book profits at prevailing higher levels and mixed global cues dampened sentiments here.

Shares of state-owned ONGC was trading higher by 3.22 per cent at Rs 253 despite the company yesterday reported a 21 per cent drop in June quarter net profit as oil prices slumped and its output fell.

In Asia, Japan’s Nikkei fell 0.24 per cent, while Shanghai Composite Index was quoting 0.15 per cent lower in early trade today. However, Hong Kong’s Hang Seng index was up 0.35 per cent.

The Dow Jones Industrial Average ended 0.06 per cent lower in yesterday’s trade