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Sensex falls 37 points in early trade on profit-booking, Infosys up 1.25% on buyback talks

Wednesday, 6 August 2014 - 10:01am IST | Place: Mumbai | Agency: PTI

 The benchmark BSE Sensex fell over 37 points to 25,870.56 in early trade today as funds and retail investors booked profits after two sessions of gains amid a weak trend in the Asian region.

The 30-share barometer, which had gained 427.17 points in the previous two sessions, moved down by 37.45 points, or 0.14 per cent, to 25,870.56, led by weakness in banking, auto, oil & gas, capital goods and PSU sector stocks. Similarly, the National Stock Exchange index Nifty fell 20.45 points, or 0.26 per cent, to 7,726.10.

The top gainers are BHEL, HUL, Infosys, Power grid Corporation. Infosys is up 1.25% on talks of buy back of shares worth more than Rs 11,000 crore

The big losers are SUn Pharma, Hero Motocorp, ITC, Grasim and ICICI Bank.

Brokers said besides profit-booking by speculators after recent gains, a weak trend at other Asian markets after a sharp fall in US markets, influenced the sentiments here. Among other Asian bourses, Japan's Nikkei was trading one per cent lower, while Hong Kong's Hang Seng shed 0.36 per cent in early trade today. The US Dow Jones Industrial Average ended 0.84 per cent lower in yesterday's trade. 

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