Sensex falls 85 pts due to profit booking

Sensex falls 85 pts due to profit booking

The benchmark BSE Sensex fell by 85 points while NSE Nifty slumped below the 9,400-mark in early trade on Tuesday due to profit booking by investors. The 30-share barometer declined by 85.17 points, or 0.28%, to 30,485.80 points.

Shares of healthcare, power, realty, PSU, consumer durables, oil&gas and metal were trading in the negative zone, with losses of up to 2.40%. The key BSE index had gained 136.18 points in the last two sessions.

The 50-share Nifty of the National Stock Exchange fell by 39,90 points, or 0.42%, to 9,398.35. Brokers said investors booked profits after recent gains and amid mixed global cues. A weak rupee also dampened sentiment, they said.

Among major Sensex losers, ITC dropped 1.23% after a recent rally. The stock had gained over 6% on Monday.

State Bank of India, Adani Ports, Sun Pharma and Gail fell up to 6%, dragging the index into the negative. In the Asian region, Japan's Nikkei fell 0.12% and China's Shanghai Composite index shed 0.10% in early trade on Tuesday.

Hong Kong's Hang Seng, however, rose by 0.31%. The Dow Jones Industrial Average ended 0.43% higher in Monday's trade.