The BSE benchmark Sensex declined by over 57 points in early trade today as investors preferred to book profits after two sessions of gains. Besides, a subdued trend on Asian bourses also dampened the trading sentiments here.
The 30-share barometer fell by 57.26 points, or 0.29 per cent, to 19,418.74. The index had gained nearly 232 points in the previous two sessions.
Stocks of realty, consumer durables and banking sectors fell due to profit-booking. Similarly, the wide-based National Stock Exchange index Nifty shed 16.25 points, or 0.27 per cent, to 5,913.35.
Brokers said besides profit-booking by speculators after recent gains, a weak trend in the Asian trade following overnight losses at the US market influenced the sentiments here.
In the Asian region, Japan's Nikkei Index shed 1.03 per cent, while Hong Kong's Hang Seng index down 0.28 per cent in early trade today. The US Dow Jones Industrial Average ended 0.74 per cent down in yesterday's trade.
Stocks to watch-Dec 20
GLOBAL MARKETS ROUND UP
Nifty futures on the Singapore Exchange were largely unchanged. The MSCI-Asia Pacific index, excluding Japan fell 0.22 percent.
Asian shares paused on Thursday after rallying to their highest in nearly 17 months the day before, as talks to avert a U.S. fiscal crisis stalled, prompting worries of the world's largest economy sliding back into recession.
U.S. stocks sold off late in the day to close at session lows on Wednesday as talks to avert a year-end fiscal crisis turned sour, even as investors still expect a deal.
FACTORS TO WATCH
Result of Gujarat state election
India's upper house of parliament will consider amendments to the banking bill.
INDIAN STOCKS TO WATCH
India plans to cut oil imports from Iran by 10 to 15 percent in the next fiscal year, and more if Tehran does not lower prices to help cover higher costs resulting from Western sanctions, a government source said.
The fertiliser ministry has opposed Reliance Industries' demand for hiking the KG- D6 gas price in line with the Asian LNG spot