Sensex dips below 27k-level falls 166 points on Asian cues

Mumbai: The benchmark BSE Sensex dipped below the 27000-level by falling over 166 points in early trade on Monday as funds and retail investors engaged in reducing positions amid a weak trend on other Asian bourses.

The 30-share barometer, which shed 21.79 points in the previous session, fell by 166.32 points, or 0.61%, to slip below the 27,000-mark to 26,924.10.

Stocks of realty, capital goods, metal, auto, power and banking sectors declined due to profit-booking.

Similarly, the National Stock Exchange index Nifty fell below the 8,100-level by declining 56.65 points, or 0.69%, to 8,064.80.

Brokers said increased selling by funds and retail investors in the recent out-performers amid a subdued trend at other Asian bourses on profit-taking, mainly dampened trading sentiment.
Among other Asian markets, Japan’s Nikkei Index was down by 0.81%, while Hong Kong’s Hang Seng index shed 1.34% in early trade.
The US Dow Jones Industrial Average, however, ended 0.08% higher in Friday’s trade.

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