Sensex Down 51 Points in Early Trade on Weak Asian Cues
File photo of a man outside the Bombay Stock Exchange.
Mumbai: Benchmark BSE Sensex fell about 51 points in early trade on Tuesday on profit-booking in consumer durables, IT, metal and banking stocks amid weak Asian cues as investors turned cautious ahead of key policy meetings of the Federal Reserve and Japanese central bank.
The 30-share index fell 50.70 points or 0.17 per cent to 28,583.80.The gauge had gained 280.96 points in the previous four sessions.
The NSE Nifty broke below the 8,800-mark falling 23.90 points, or 0.27 per cent, to 8,784.50.
Equity brokers said that besides trimming of positions in recent gainers by participants at existing levels, weak trend in other Asian markets dampened sentiments here as investors awaited upcoming US and Japanese central bank meetings.
Among other Asian markets, Japan's Nikkei was down 0.70 per cent while Shanghai Composite Index shed 0.30 per cent in morning trade on Monday. Hong Kong's Hang Seng too fell 0.15 per cent.
The US Dow Jones ended 0.02 per cent lower in Monday's trade.
Recommended For You
- Apple CEO Tim Cook And PM Modi Discuss Make in India iPhone SE
- Nawazuddin Opens Up About His Struggles, Looks and Manto's Impact
- 2017 Skoda Octavia Facelift Review: A Charming Drive, For Drivers and Drivens Alike
- Sridevi Opens Up About Rejecting Baahubali, Rajamouli's Comments
- VIVO Retains IPL Title Sponsorship With Rs 2199 Crore Bid