Sensex snaps 3-day gaining streak; hovering around 19,500
Mumbai: Snapping a three-day gaining streak, the BSE benchmark Sensex on Thursday declined by over 140 points in early trade, as funds and retail investors booked profits after recent gains amid a weak trend on other Asian bourses.
The 30-share index, which had gained 174.60 points in the previous three sessions, fell back by 140.52 points, or 0.71 percent, to 19,502.23, with metal, consumer durable, realty, power and auto sector stocks coming under pressure.
In a similar fashion, the wide-based National Stock Exchange index Nifty shed 37.15 points, or 0.62 percent, to 5,905.90.
Brokers said besides profit-booking by participants after three sessions of gains, a weak trend on the Asian bourses led to the fall in Sensex.
They said investors were also cautious ahead of the Union Budget scheduled for this month-end.
In the Asian region, Japan's Nikkei Index was down 0.80 per cent, while Hong Kong's Hang Seng index shed 1.62 per cent in early trade.
The US Dow Jones Industrial Average ended 0.77 per cent lower yesterday.