Sensex snaps 4-day gaining streak; dips below 17,200
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Sensex snaps 4-day gaining streak; dips below 17,200

Last Updated: Thursday, August 02, 2012, 11:05
 
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Mumbai: Snapping a four-day gaining streak, the BSE benchmark Sensex Thursday fell over 69 points in early trade due to profit-booking after recent gains amid a mixed trend in other Asian markets.

The 30-share barometer, which had gained nearly 620 points in the last four sessions, lost 68.92 points, or 0.40 percent, to 17,188.46. Stocks of auto, banking and metals sectors led the fall.

Similarly, the wide-based National Stock Exchange index Nifty declined by 20.75 points, or 0.40 percent, to 5,219.75.

Brokers said besides profit-booking by participants, mixed trend in other Asian markets influenced the sentiment.

They said reports of Goldman Sachs Group cutting its economic growth forecast for the second time in two months also dampened the sentiment.

In the Asian region, Hong Kong's Hang Seng index was down marginally by 0.33 percent, while Japan's Nikkei Index edged higher by 0.32 percent in early trade today.

PTI

First Published: Thursday, August 02, 2012, 10:04

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