Sensex down over 100 points on profit-booking

The BSE benchmark Sensex fell by over 101 points in early trade Wednesday as funds and retail investors booked profits amid a weakening trend on the other Asian bourses.

Mumbai: The BSE benchmark Sensex fell by over 101 points in early trade Wednesday as funds and retail investors booked profits amid a weakening trend on the other Asian bourses.

The 30-share index, which gained 226.37 points in the previous session, fell by 101.65 points, or 0.58 percent, to 17,516.70 with stocks of FMCG, auto, realty and oil and gas sectors succumbing to profit-booking.

Similarly, the wide-based National Stock Exchange index Nifty declined by 29.00 points, or 0.54 percent, to 5,316.35.

Brokers said profit-booking by speculators after yesterday's strong gains and a weak trend on Asian bourses following overnight losses in the US markets amid renewed worries over eurozone efforts to stem the debt crisis, led to a fall in the domestic market.

Meanwhile, in Asian region, Japan's Nikkei Index fell by 0.48 percent, while Hong Kong's Hang Seng shed 0.13 percent. The US Dow Jones Industrial Average ended 0.65 percent lower in yesterday's trade.

PTI

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