The BSE benchmark Sensex fell by over 127 points in opening trade on Wednesday on emergence of profit selling by funds and retail investors amid a weakening trend on Asian bourses.
The 30-share Sensex, which had gained 84.38 points on Tuesday, fell by 127.22 points, or 0.68 per cent, to 18,666.14.
Likewise, the wide-based National Stock Exchange Nifty shed 43.20 points, or 0.76 per cent, to 5,661.40.
Brokers said Sensex rose as funds and retail investors indulged in profit-selling amid a weak trend on Asian bourses following overnight losses at the U.S. market.
They said U.S. stocks fell on Tuesday, led by losses in technology, after brokerage downgrades major companies as worries increased about third quarter U.S. earnings.
Meanwhile, in Asian region, Japan’s Nikkei was down by 1.69 per cent, while Hong Kong’s Hang Seng index shed 0.49 per cent.
The U.S. Dow Jones Industrial Average ended 0.81 per cent lower in overnight trade.
