The benchmark Sensex fell over 33 points in early trade today as investors booked profits in recent gainers amid mixed Asian cues.
The 30-share barometer declined 33.44 points, or 0.12 percent, to 27,245.32, with sectoral indices led by power, realty, auto, capital goods and IT bringing about the fall.
The index had risen over 881 points in the previous six sessions.The NSE Nifty was trading lower by 19.50 points, or 0.23 per cent, at 8,351.20.
- Sensex drops 57 points in early trade on weak global cues
- Sensex retreats from record level, plunges by 207 points
- Sensex up 100 points, Nifty ends above 10,200 on earning optimism
- Sensex advances on earnings optimism, surges 156 points
- Sensex drops 100 points on muted earnings, profit-booking
- Sensex down 150 pts, Nifty below 9,900 on weak Asian cues
Brokers said that apart from profit-booking in recent gainers in an overbought market, a mixed trend in rest of Asia following overnight losses in Europe was mainly responsible for the snap.
Shares of Bajaj Auto, GAIL, NTPC, Tata Motors, Bharti Airtel, Hero MotoCorp, Power Grid, Infosys, Axis Bank, HDFC Bank, Asian Paints, TCS and Wipro succumbed to profit-booking, which dragged down the indices.
Japan’s Nikkei was quoting 0.87 per cent lower and Hong Kong’s Hang Seng fell 0.82 per cent while Shanghai Composite was up 0.23 per cent in early deals.
The US markets were closed yesterday for the Independence Day holiday.