Zee Media Bureau
The benchmark BSE Sensex fell over 150 points to crack below the 27,000—level in early trade on Thursday due to profit-booking by investors in recent outperformers.
Caution ahead of industrial production data for April, which is due on Friday, also influenced sentiments.
The 30—share barometer tripped by 151.76 points or 0.56 percent to 26,868.90 after moving in range of 26,994.91-26,809.09 in early trade.
The index had risen by 243.21 points in the previous two sessions, buoyed by arrival of monsoon rains in Kerala and continued foreign fund inflows following RBI’s accommodative policy.
Also, the NSE Nifty was trading 39.15 points or 0.47 percent lower at 8,233.90.
Brokers said apart from weak Asian cues, investors booked profit after recent gains, pushing the indices down.
Among Asian markets, Japan’s Nikkei fell 0.91 percent as worries about the pace of economic growth and a stronger yen weighed on sentiment. Financial markets in Hong Kong and China are closed on Thursday for a public holiday.
The Dow Jones Industrial Average ended 0.37 percent higher in Wednesday’s trade on gains in oil prices and as the dollar weakened on expectations the US Federal Reserve will keep benchmark interest rates low for longer.