Sensex slips 35 points on profit-booking in early trade
Sensex slips 35 points on profit-booking in early trade

Mumbai: the market standard BSE Sensex cut down by some 35 points in today’s trade as funds and retail stakeholders booked returns after yesterday's strong gains during mixed Asian cues.

The 30-share index, which had increased 460.36 points in the prior session, fell by 34.71 points, or 0.13 % , to 25,654.15.

Profit-booking in stocks of auto, metal, infrastructure, consumer durables, oil & gas and PSU sectors negatively impacted the trading sentiment.

National Stock Exchange index Nifty fallen by 9.05 points, or 0.12 % , to 7,857.

Brokers said, “ besides profit-booking by retail investors and funds after yesterday's rally, a mixed trend at other Asian markets led to decline in domestic stocks.”

They further said, “Moreover, a cautious stance by participants ahead of the key macroeconomic data and quarterly earnings by some more companies, to be released this week, influenced sentiment”

Among other Asian markets, Japan's Nikkei was up 1.50 %, while Hong Kong's Hang Seng shed 0.26 % in early trade today. China's Shanghai Composite index was up 0.19 %.

The US Dow Jones Industrial Average ended 0.20 % lower in yesterday's trade.

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