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Sensex falls 95 pts in early trade on profit-booking, Asian cues


Mumbai, Jun 8 - Snapping a four-day rising streak, the BSE benchmark index Sensex fell by over 95 points in early trade today, as funds and retail investors booked profits at prevailing levels amid a weak trend in other Asian markets.

The 30-share index, which had gained over 684 points in the past four sessions, fell by 95.38 points, or 0.57 per cent, to 16,553.67 with stocks of consumer durables, oil and gas and capital goods sectors succumbing to profit-booking.

Similarly, the wide-based National Stock Exchange index Nifty declined by 31.90 points, or 0.63 per cent, to 5,017.75.

Brokers said besides profit-booking by speculators after recent gains and a weak trend on other Asian bourses, US Federal Reserve Chairman Ben Bernanke denting stimulus hopes, mainly influenced the trading sentiment here.

In the Asian region, Hong Kong's Hang Seng index fell by 0.17 per cent, while Japan's Nikkei Index by 0.60 per cent in the morning trade today. 
 

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