US Fed overreaction peters out; Sensex falls 136 points

The benchmark BSE Sensex fell over 136 points in early trade today on sustained selling by investors amid mixed cues from other Asian markets.

The 30-share index was trading down by 136.92 points, or 0.48%, at 28,332.75 as stocks of infrastructure, power, auto and FMCG sectors, witnessed heavy profit-booking.

On similar lines, the National Stock Exchange index Nifty slipped below the 8,600-mark by falling 44.90 points, or 0.51%, at 8,589.75.

Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 1,428.72 crore yesterday, as per provisional data released by the stock exchanges.

Among other Asian markets, Hong Kong's Hang Seng was down by 0.21%, while Japan's Nikkei rose 0.08% in early trade today.

The US Dow Jones Industrial Average ended 0.65% lower in yesterday's trade.