Sensex slips 93 points in early deals on profit-booking

Sensex slips 93 points in early deals on profit-booking

The benchmark BSE Sensex lost over 93 points to 33,503.25 in early trade today on profit-booking by participants, ignoring a firm trend at other Asian bourses.

The 30-share index fell 93.55 points, or 0.27 percent, to 33,503.25 with sectoral indices, including metal, capital goods, IT, auto and tech, trading in the negative territory with losses up to 1.06 percent.

Domestic equities opened lower after Thursday's rally with benchmark Sensex rising up 577 points yesterday after the RBI kept the policy rate unchanged but said growth will rebound this fiscal amid softening inflation.

The 50-share NSE Nifty also shed 19.50 points, or 0.18 percent, to 10,305.65.

Brokers said, selling by participants, mostly of a profit-booking nature, attributed the fall in select counters but a firm trend at other Asian markets kept the fall limited.

The laggards were Tata Motors, Infosys, L&T, Axis Bank, SBI, Tata Steel, Hindustan Unilever, TCS, M&M, Wipro, Kotak Bank, Hero MotoCorp and Maruti Suzuki, falling up to 1.07 percent.

Among other Asian markets, Japan's Nikkei rose 0.13 percent while Hong Kong's Hang Seng gained 1.03 percent in early trade today.

The US Dow Jones Industrial Average closed 0.99 percent higher in yesterday's trade.

 

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry