Sensex falls 58 pts in early trade on profit-booking

The benchmark BSE Sensex extended losses for the fifth straight day by falling over 58 points in early trade today on sustained selling by funds amid a mixed trend in other Asian markets.

The 30-share index, which has lost 798.66 points in the previous four sessions, fell further by 58.23 points, or 0.20 per cent, to 28,824.88.

Similarly, the National Stock Exchange index Nifty declined by 18.65 points, or 0.21 per cent, to 8,705.05.

Profit-booking in stocks of oil & gas, realty, capital goods, consumer durables and healthcare sectors, negatively impacted the sentiments.

Besides, the depreciation in the rupee dampened local equities, marketmen said.
Among other Asian markets, Hong Kong's Hang Seng was up by 1.49 per cent, while Japan's Nikkei index shed 0.83 per cent in early trade.

The US Dow Jones Industrial Average ended 0.04 per cent higher in yesterday's trade.