Sensex down 129 pts in early trade on profit booking

The benchmark BSE Sensex fell almost

129 points in early trade today due to profit booking by

investors after recent strong gains.

The 30-share barometer declined 128.72 points, or 0.43 per

cent, to 29,520.27 points, with shares of IT, Teck, metal,

banking, oil & gas and capital goods trading with losses.

The index had gained 250.88 points in the last two

sessions.

Also, the NSE Nifty fell by 31.55 points, or 0.34 per

cent, to 9,128.50.

Brokers said investors booked profits after recent strong

rally in stocks.

The Sensex had rallied by 702.76 points to 29,648.99 in

the last week after the BJP's big win in the key state of

Uttar Pradesh. The Nifty gained 225.50 points, or 2.52 per

cent to finish new closing peak at 9,160.05.

In the Asian region, Japan's Nikkei fell 0.35 per cent

and China's Shanghai Composite index was down 0.02 per cent

while Hong Kong's Hang Seng rose by 0.53 per cent in early

trade today.

The Dow Jones Industrial Average ended 0.10 per cent lower

on Friday.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)