Sensex slips 25 points on profit-booking, global cues

Image
Press Trust of India Mumbai
Last Updated : Feb 07 2017 | 9:57 AM IST
The benchmark BSE Sensex fell about 25 points to 28,414.48 in early trade today on profit-booking by investors after recent gains, amid a weak trend in overseas markets.
The 30-share barometer fell 24.80 points, or 0.08 per cent, to 28,414.48, with auto, banking, technology and IT stocks succumbing to the flurry in profit-booking.
The index had gained 783.32 points in the past four sessions.
Also, the NSE Nifty slipped below the key 8,800-mark by falling 11.65 points, or 0.13 per cent, at 8,789.40.
Brokers said that apart from profit-booking in recent gainers, a weak trend in other Asian bourses following overnight losses in the US and European markets, cut short the four-day march of the doemstic bourses.
Besides, caution prevailed ahead of RBI monetary policy review tomorrow which cast a shadow on sentiments, they added.
Hong Kong's Hang Seng was trading lower by 0.06 per cent and Japan's Nikkei shed 0.45 per cent. Shanghai Composite too was down 0.23 per cent in early trade.
The Dow Jones Industrial Average ended 0.09 per cent lower in yesterday's trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 07 2017 | 9:57 AM IST

Next Story