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Sensex down 129 pts in early trade on profit booking

Press Trust of India  |  Mumbai 

The benchmark fell almost 129 points in early trade today due to profit booking by investors after recent strong gains.

The 30-share barometer declined 128.72 points, or 0.43 per cent, to 29,520.27 points, with of IT, Teck, metal, banking, & gas and capital goods trading with losses.

The index had gained 250.88 points in the last two sessions.

Also, the fell by 31.55 points, or 0.34 per cent, to 9,128.50.

Brokers said investors booked profits after recent strong rally in stocks.

The had rallied by 702.76 points to 29,648.99 in the last week after the BJP's big win in the key state of Uttar Pradesh. The gained 225.50 points, or 2.52 per cent to finish new closing peak at 9,160.05.

In the Asian region, Japan's fell 0.35 per cent and China's Composite index was down 0.02 per cent while Hong Kong's rose by 0.53 per cent in early trade today.

The Industrial Average ended 0.10 per cent lower on Friday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 20 2017. 10:13 IST