Sensex declines 33 points in early trade
Mumbai: The BSE benchmark Sensex declined by over 33 points in early trade today as investors preferred to book profits ahead of the RBI's mid-quarter monetary policy review tomorrow.
Besides, a mixed trend on Asian bourses also dampened the trading sentiments here.
The 30-share barometer, which gained 87.99 points in the previous session, fell by 33.22 points, or 0.17 percent, to 19,284.03.
Stocks of consumer durables, capital goods and FMCG sectors fell due to profit-booking.
Similarly, the wide-based National Stock Exchange index Nifty shed 19.40 points, or 0.32 percent, to 5,860.20.
Brokers said besides profit-booking by speculators after gains on Friday, a cautious approach ahead of the Reserve Bank of India's mid-quarter monetary policy review tomorrow and a mixed trend on the Asian boures influenced the trading sentiments.
In the Asian region, Japan's Nikkei Index gained 1.62 percent, while Hong Kong's Hang Seng index down 0.25 percent in early trade. The US Dow Jones Industrial Average ended 0.27 percent down on Friday on uncertainty over the fiscal cliff.