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Sensex down 39 points in early trade on global cues

Monday, 7 April 2014 - 9:48am IST | Agency: PTI

On Monday, the BSE benchmark Sensex fell over 39 points in early trade, extending losses for the third straight session as funds and retail investors engaged in reducing positions amid a weak trend in global markets. 

The 30-share barometer, which had lost 200 points in the past two sessions, fell by 39.77 points, or 0.17%, to 22,319.73 Stocks of consumer durable, IT, tech, bank and capital goods sectors declined due to profit-booking.

Similarly, the wide-based National Stock Exchange index Nifty fell by 3.50 points, or 0.05%, to 6,690.85. Brokers said a weak trend in Asian trade following losses in the US market on Friday's trade, dampened the trading sentiment here.

In the Asian region, Japan's Nikkei Index was down 1.34%, while Hong Kong's Hang Seng index shed 0.45% in early trade. The US Dow Jones Industrial Average ended 0.96% down in Friday's trade.

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