Sensex falls 62 points to 18,729 in opening trade

Sensex falls 62 points to 18,729 in opening trade Mumbai: The BSE benchmark Sensex declined by over 62 points in early trade on Friday as funds and retail investors preferred to book profits after two sessions of gains.

Besides, a subdued trend on Asian bourses also dampened the trading sentiments here.

The 30-share barometer, which gained nearly 215 points in the previous two sessions, fell by 62.38 points, or 0.33 percent, to 18,729.55.

Stocks of oil and gas, metal, capital goods, banking and auto sectors fell due to profit-booking.

Similarly, the wide-based National Stock Exchange index Nifty shed 19.45 points, or 0.34 percent, to 5,699.25.

Brokers said besides profit-booking by speculators after recent gains, a weak trend in Asian trade following overnight losses at the US market, influenced the sentiments here.

In Asian region, Japan's Nikkei Index shed 0.43 percent, while Hong Kong's Hang Seng index remained almost flat in early trade today.

The US Dow Jones Industrial Average ended 0.06 percent down in yesterday's trade.

PTI