Sensex steady in range-bound trade, hovering around 19,975
Mumbai: Snapping a two-day rising trend, the BSE benchmark Sensex fell by over 18 points in early trade Wednesday as funds and retail investors booked profits amid a weak trend in the Asian region.
The 30-share barometer fell by 18.32 points, or 0.09 percent, to 19,965.46 with stocks of banking, IT and metal succumbing to profit-booking. It had crossed the 20,000-mark after two years in yesterday's trade.
The index had gained nearly 324 points in the last two sessions.
Similarly, the wide-based National Stock Exchange index Nifty, moved down by 12.80 points, or 0.21 percent, to 6,043.80.
Brokers said besides profit-booking by speculators after recent gains, a weak trend at the Asian markets influenced the sentiments.
In the Asian region, Hong Kong's Hang Seng fell by 0.50 percent, while Japan's Nikkei declined by 1.52 percent in early trade today.
In the US market, Dow Jones Industrial Average ended 0.20 percent higher in yesterday's trade.