Sensex declines for fourth straight session; trading below 19,700
Mumbai: The BSE benchmark Sensex on Tuesday declined by over 88 points in early trade, extending losses for the fourth straight session as funds and retail investors engaged booking profit amid a weak trend in global markets.
The 30-share barometer fell by 88.49 points, or 0.44 percent, to 19,662.70. The index had lost nearly 254 points in the past three sessions.
Stocks of realty, capital goods, metal, auto, power and banking sectors declined due to profit-booking.
Similarly, the wide-based National Stock Exchange index Nifty fell by 39.35 points, or 0.65 percent, to 5,947.90.
Brokers said a weak trend in the Asian trade following overnight losses on the US market on weak data, spurring selling, dampened the trading sentiment here.
In the Asian region, Japan's Nikkei Index was down 1.27 percent, while Hong Kong's Hang Seng index shed 1.66 percent in early trade.
The US Dow Jones Industrial Average ended 0.93 percent down in yesterday's trade.