The Bombay Stock Exchange benchmark Sensex fell by 185 points in early trade on Thursday on profit booking by funds and retail investors amid weak global cues.
The BSE-30 share index, Sensex, which had lost 166.93 points on Wednesday, fell by 185.42 points, or 1.1 per cent, at 16,534.08 with shares of IT, realty and metal sectors leading the fall.
Similarly, the Nifty index on the wide-based National Stock Exchange moved down by 57.00 points, or 1.76 per cent, to 4,912.95 points
Brokers said increased profit-booking by funds and retail investors and weakening trends on the global markets, mainly attributed to the decline in stock prices.
They said cautious approach adopted by investors as today being the last session of monthly expiry in the derivatives segment also put some pressure on the trading sentiment.
Major losers were Infosys Tech which fell by 3.19 per cent to Rs 2,290, TCS 0.59 per cent to Rs 587.75, Wipro 0.75 per cent to Rs 562.20, RIL 1.07 per cent to Rs 2,079, Reliance Infra 1.59 per cent to Rs 1,197.
Further, State Bank of India fell by 0.38 per cent to Rs 2,134.50, ICICI Bank 1.35 per cent to Rs 834, Jaiprakash Associates 2.93 per cent to Rs 27.30, DLF Ltd 2.07 per cent to Rs 414.90.
The US Dow Jones Industrial Average ended 0.83 per cent down in yesterday’s trade, while Hong Kong’s Hang Seng index was down 2.60 per cent in morning trade today.
