Sensex falls 37 points in early trade on profit-booking
Mumbai - The benchmark BSE Sensex fell over 37 points to 25,870.56 in early trade on Wednesday as funds and retail investors booked profits after two sessions of gains amid a weak trend in the Asian region.
The 30-share barometer, which had gained 427.17 points in the previous two sessions, moved down by 37.45 points, or 0.14 percent, to 25,870.56, led by weakness in banking, auto, oil & gas, capital goods and PSU sector stocks.
Similarly, the National Stock Exchange index Nifty fell 20.45 points, or 0.26 percent, to 7,726.10.
Brokers said besides profit-booking by speculators after recent gains, a weak trend at other Asian markets after a sharp fall in US markets, influenced the sentiments here.
Among other Asian bourses, Japan's Nikkei was trading one percent lower, while Hong Kong's Hang Seng shed 0.36 percent in early trade today.
The US Dow Jones Industrial Average ended 0.84 percent lower in yesterday's trade. (PTI)