Sensex down 48 points in early trade on profit-booking - Daily News & Analysis

The BSE benchmark Sensex on Tuesday fell by over 48 points in early trade as funds and retail investors booked profits after recent gains, amid a mixed trend on other Asian bourses. The 30-share barometer declined by 48.08 points, or 0.24%, to 19,529.31. The index had gained 1,025.27 points in the previous three sessions. Stocks of metals, FMCG, auto, consumer durables, capital goods and banking sectors were the major losers due to profit- booking. Similarly, the wide-based National Stock Exchange index, Nifty, fell by 18.90 points, or 0.32%, to 5,879.95. Brokers said selling, mostly for profit-booking, by funds and retail investors after three sessions of strong gains amid a mixed trend on other Asian bourses, mainly influenced the trading sentiment. In the Asian region, Japan's Nikkei Index rose 0.83%, while Hong Kong's Hang Seng index shed 0.68% in early trade today. The US Dow Jones Industrial Average ended 0.44% higher yesterday. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHN3ylp0xQGhEI0z1j2ZVPlp2fUxA&url=http://www.dnaindia.com/money/1855883/market-report-sensex-down-48-points-in-early-trade-on-profit-booking

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