Sensex loses 93 points in early trade

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The benchmark Sensex of the Bombay Stock Exchange (BSE) shed nearly 100 points in early hours of trade today on profit booking by participants, ignoring a firm trend at other Asian stocks.

The 30 share index lost 93.55 points (0.27 percent) to 33503.25.

Sectoral indices led by metal, IT, auto, teck, and capital were all in red and trading losses up to 1.06 percent.

Domestic equities opened lower after Thursday’s rally with benchmark Sensex rising up by 577 points on Thursday after the RBI kept the repo rate unchanged and policy stance neutral but said growth will rebound this fiscal amid softening inflation.

The broader 50 shares Nifty of the National Stock Exchange (NSE) too shed 19.50 points (0.18 percent) to 10305.65.

Brokers said, selling by participants, mostly of a profit-booking nature, attributed to fall in select counters but a firm trend at other Asian markets kept the fall limited.

Major laggards were Infosys, Tata Motor, SBI, L&T, SBI, Tata Steel, TCS, Hindustan Unilever, M&M, Wipro, Kotak Bank, Hero Motocorp and Maruti Suzuki fall by 1.07percent.

In other Asian Markets, Hong Kong’s Hang Seng gained 1.03 percent while Japan’s Nikkei rose by 0.13 percent in early trading.

The US Dow Jones Industrial Average closed at a high of 0.99 percent yesterday.

Earlier, the Indian rupee ended 18 paise higher at 64.97 on Thursday.

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