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Sensex down 78 pts on profit-booking, global cues

Friday, 4 April 2014 - 10:09am IST | Agency: PTI

Extending Thursday's fall, the benchmark BSE Sensex dropped further by over 78 points in the opening trade on Friday as funds and retail investors indulged in profit-booking amid a weakening trend in global markets. 

Stocks of PSUs, oil and gas, banking and capital goods sector led the fall. The 30-share Sensex fell by 78.67 points, or 0.35%, to trade at 22,430.40. It had lost 42.42 points in Thursday's trade after soaring to new intra-day lifetime high of 22,620.65.

The 50-share NSE Nifty, which fell by 16.45 points in Thursday's trade, fell by another 23.85 points, or 0.35%, to 6,712.25. Besides increased profit-booking at prevailing record levels by participants, a weakening trend in the Asian region, following overnight losses in the US markets as investors awaited a key jobs report also dampened the trading sentiment, brokers said.

Among other Asian markets, Hong Kong's Hang Seng fell by 0.39%, while Japan's Nikkei shed 0.44% in early trade today. The US Dow Jones Industrial Average ended 0.45 points lower in Thursday's trade.

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