Mumbai, Jan 4 (PTI) The BSE benchmark Sensex fell by nearly 50 points in early trade today as investors booked profits after two-session rally. The 30-share index, which had rallied by over 484 points in the past two sessions, fell by 49.37 points, or 0.31 per cent, to 15,889.99 points.
The wide-based National Stock Exchange Nifty Index shed 13.25 points, or 0.28 per cent, to 4,752.05. Brokers said profit-booking by participants at improved levels led to a fall in stock prices but firming trend on the other Asian bourses following overnight gains at the US market capped the losses. Realty, auto, metals and banking stocks, which registered significant gains in recent rally, succumbed to profit-booking, dragging down the Sensex. Meanwhile, among other Asian indices, Hong Kong's Hang Seng Index was up by 0.09 per cent and Japan's Nikkei by 1.16 per cent. The US Dow Jones Industrial Average ended 1.47 per cent higher in yesterday.
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