Sensex down 51 points in early trade on profit-booking

May 16, 2013 10:14 am | Updated 10:19 am IST - Mumbai

NEW DELHI, 22/05/2012: Share application forms being sorted, even as the BSE benchmark Sensex today rose by nearly 152 points in early trade, extending gains for the fourth straight session on buying by funds and retail investors as rupee recovered from record lows and gained 17 paise against the US dollar in forex market, on May 22, 2012.  Photo: V.V. Krishnan

NEW DELHI, 22/05/2012: Share application forms being sorted, even as the BSE benchmark Sensex today rose by nearly 152 points in early trade, extending gains for the fourth straight session on buying by funds and retail investors as rupee recovered from record lows and gained 17 paise against the US dollar in forex market, on May 22, 2012. Photo: V.V. Krishnan

The BSE benchmark Sensex on Thursday fell by nearly 51 points in early trade as funds and retail investors booked profits after recent gains, amid a mixed trend in other Asian markets.

The 30-share barometer declined by 50.84 points, or 0.25 per cent, to 20,162.12. The index had gained 521.29 points in the previous two sessions.

Stocks of metal, capital goods, auto, IT and banking sectors were major losers largely on profit-booking.

Similarly, the wide-based National Stock Exchange index Nifty fell by 18.50 points, or 0.30 per cent, to 6,128.25.

Brokers said selling, mostly of a profit-booking nature, by funds after two sessions of gains amid a mixed trend on other Asian bourses, mainly influenced the trading sentiment here.

In the Asian region, Japan’s Nikkei Index was down 1.42 per cent, while Hong Kong’s Hang Seng index up 0.31 per cent in early trade.

The US Dow Jones Industrial Average gained 0.40 per cent to close at new all-time in yesterday’s trade.

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