Sensex down 104 points in early trade

Sensex had gained nearly 540 points in previous three sessions,fell by 103.91 points to 17,493.51

Written by Agencies | Mumbai | Published: April 4, 2012 9:55:34 am

The BSE benchmark Sensex today declined by almost 104 points in early trade,as funds and retail investors booked profits after recent gains amid weakening trend on other Asian bourses.

The 30-share barometer,which had gained nearly 540 points in the previous three sessions,fell by 103.91 points,or 0.59 per cent,to 17,493.51 with metal,banking,capital goods,realty and consumer durable sector stocks coming under pressure.

The wide-based National Stock Exchange index Nifty also shed 34.05 points,or 0.63 per cent,to 5,324.45.

Brokers said besides profit-booking by participants after three sessions of gains and a weak trend on the Asian courses in line with overnight weakness on the US market as the prospect of further monetary easing by the Federal Reserve receded,led to the decline in the benchmark Sensex.

Meanwhile,in Asia,Japan’s Nikkei down by 1.74 per cent in the morning trade,while Hong Kong’s financial markets are closed for a public holiday.

The US Dow Jones Industrial Average ended 0.49 per cent lower in yesterday’s trade.

PREOPEN:Indian stocks to watch-April 4


*Asian shares eased on Wednesday after the minutes from the US Federal Reserve’s March meeting suggested the bank was less likely to take further stimulus measures,leaving investors looking for more clues over global growth outlook.

*US stocks fell on Tuesday,with the S&P 500 retreating from four-year highs after the US Federal Reserve said it was less inclined to provide more economic stimulus.


*S.K. Goel,chairman,of India’s Central Board of Excise and Customs (CBEC),the finance ministry’s tax department that handles customs,factory-gate duties and service tax,will speak at an event organised by the Federation of Indian Export Organisations at 11.00 IST (0530 GMT).

*India’s Supreme Court may rule on petitions seeking review of a February order by the court that asked the government to revoke all 122 telecoms licences granted in a scandal-tainted spectrum sale in 2008. (All Day)

*India’s Services PMI for March. (0500 GMT)


Cairn India,a Vedanta group company,notifies an oil discovery in its onshore block in the Krishna-Godavari basin.

Madhu Kannan,chief executive officer of the Bombay Stock Exchange,is leaving Asia’s oldest stock exchange to join India’s Tata Sons as group head of business development.


*Indian rupee pulled off 2-week high on oil payments

*Bond ylds at 4-mth high on tepid auction response

*USD holds gains in wake of Fed,Spain & ECB eyed

*Oil slips on demand caution,Fed minutes

*Foreign institutional investor flows

*For closing rates of Indian ADRs

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