Sensex Down 17 Points In Early Trade


Mumbai: The BSE benchmark Sensex fell over 17 points in early trade as funds and retail investors kept their commitments restricted in view of monthly expiry in the derivatives segment.

The 30-share barometer fell by 17.44 points, or 0.09 percent, to trade at 20,073.24 points. The index had lost 211.45 points in the previous session.

Consumer durables, realty and banking sector stocks were down due to selling pressure.

The wide-based National Stock Exchange index Nifty fell by 7.70 points, or 0.13 percent, to 5,982.80 points.

Brokers said cautious approach adopted by participants being the last session of current month expiry in the derivatives segment and a weak trend in the Asian region mainly dampened the trading sentiment.

Besides, investors were cautious ahead corporate earnings from bluechip companies, they said.

Stocks of Cairn India fell by 1.19 percent to 304.20 after company reported 18 percent drop in the April-June quarter net profit, while Hero MotoCorp spurted by 3.26 percent to 1,815.10 despite 10.86 percent decline in its net profit for the first quarter.

In the Asian region, Japan's Nikkei Index was down 0.56 percent, while Hong Kong's Hang Seng index shed 0.44 percent in early trade. The U.S. Dow Jones Industrial Average ended 0.16 percent lower in previous trade.

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Source: PTI