Sensex down 88 points in early trade

MUMBAI: The BSE benchmark Sensex on Tuesday declined by over 88 points in early trade, extending losses for the fourth straight session, as funds and retail investors engaged booking profit amid a weak trend in global markets.

The 30-share barometer fell by 88.49 points, or 0.44 per cent, to 19,662.70. The index had lost nearly 254 points in the past three sessions.

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

Similarly, the wide-based National Stock Exchange index Nifty fell by 39.35 points, or 0.65 per cent, to 5,947.90.

In the Asian region, Japan’s Nikkei Index was down 1.27 per cent, while Hong Kong’s Hang Seng index shed 1.66 per cent in early trade.

The US Dow Jones Industrial Average ended 0.93 per cent down in Monday’s trade.