Sensex down 100 points in early trade on profit-booking

Sensex down 100 points in early trade on profit-booking

PTIUpdated: Friday, May 31, 2019, 07:56 PM IST
article-image

Mumbai : The benchmark BSE Sensex fell by over 100 points in early trade today due to profit-booking by investors after recent gains amid weak cues from Asian markets.

The 30-share barometer fell by 100.77 points or 0.39 per cent to 25,703.01, with indices — IT, auto, consumer durable, metal and bank — leading the fall.

The index had gained 759.35 points in the last four sessions. Also, the NSE Nifty was trading lower by 35.10 points or 0.44 per cent at 7,809.35.

Brokers said that apart from profit-booking in recent gainers, weak trend at other Asian bourses, tracking overnight losses at the US markets, mainly influenced the sentiment.

In the Asian region, Hong Kong’s Hang Seng was quoting lower by 0.23 per cent and Shanghai Composite was down 0.12 per cent in early trade. Japan’s Nikkei shed 0.24 per cent.

The Dow Jones Industrial Average ended 1.43 per cent lower in yesterday’s trade.

RECENT STORIES

Budget 2026 Tax Debate Heats Up, Experts Warn Against Higher Surcharge & Wealth Tax

Budget 2026 Tax Debate Heats Up, Experts Warn Against Higher Surcharge & Wealth Tax

Ladki Bahin Yojana Money Still Not Credited, Here’s What Is The Reason Behind The Delay

Ladki Bahin Yojana Money Still Not Credited, Here’s What Is The Reason Behind The Delay

Income Tax Refunds Still Stuck For Many, Here Is Why Notices Are Coming & What You Should Do?

Income Tax Refunds Still Stuck For Many, Here Is Why Notices Are Coming & What You Should Do?

Malpani Group's Heir Chose Love Over Generational Wealth: Says, 'These Kind Of Decisions Shape...

Malpani Group's Heir Chose Love Over Generational Wealth: Says, 'These Kind Of Decisions Shape...

Sensex & Nifty Face A Nervous Week Ahead, Q3 Results & Global Worries To Set Market Mood

Sensex & Nifty Face A Nervous Week Ahead, Q3 Results & Global Worries To Set Market Mood