Sensex slips 33 points as investors book profit
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The benchmark Sensex fell over 33 points in early trade as investors booked profits in recent gainers amid mixed Asian cues.
The 30-share barometer declined 33.44 points, or 0.12%, to 27,245.32, with sectoral indices led by power, realty, auto, capital goods and IT bringing about the fall.
The index had risen over 881 points in the previous six sessions.
The NSE Nifty was trading lower by 19.50 points, or 0.23%, at 8,351.20.
Brokers said that apart from profit-booking in recent gainers in an overbought market, a mixed trend in rest of Asia following overnight losses in Europe were mainly responsible for the snap.
Shares of Bajaj Auto, GAIL, NTPC, Tata Motors, Bharti Airtel, Hero MotoCorp, Power Grid, Infosys, Axis Bank, HDFC Bank, Asian Paints, TCS and Wipro succumbed to profit-booking, which dragged down the indices.
Japan's Nikkei was quoting 0.87% lower and Hong Kong's Hang Seng fell 0.82% while Shanghai Composite was up 0.23% in early deals.
The US markets were closed on Monday for the Independence Day holiday.
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