Mumbai, India (BBN) – The Indian benchmark Sensex was trading down by nearly 140 points and the NSE index Nifty below the 9,100-mark due to profit-booking in recent gainers and weak Asian cues.
Brokers said that apart from profit-booking in recent gainers, a weak trend in Asia following Donald Trump’s failure to push through his healthcare legislation hit the domestic sentiment, reports The Hindu Business Line.
At 10.25am, the 30-share BSE index Sensex was down 137.55 points or 0.47 per cent at 29,283.85 and the 50-share NSE index Nifty was down 51.6 points or 0.57 per cent at 9,056.40.
Among BSE sectoral indices, metal index fell the most by 1.67 per cent, followed by healthcare 0.64 per cent, oil & gas 0.64 per cent and FMCG 0.58 per cent.
On the other hand, consumer durables 0.4 per cent, IT 0.19 per cent and TECk 0.06 per cent.
The 30-share barometer declined 96.80 points or 0.32 per cent to 29,324.60 with sectoral indices led by metal, TECk, IT, healthcare, oil & gas, FMCG and auto trading in negative zone with losses up to 0.86 per cent.
The index had risen about 254 points in the previous two sessions.
Also, the NSE Nifty slipped below the crucial 9,100-level by falling 33.15 points or 0.36 per cent to 9,074.85.
US stock futures and the dollar fell on Monday while Asian markets struggled as President Donald Trump’s failure on healthcare reform raised questions about his ability to push through tax cuts and fiscal spending to boost the economy.
MSCI’s broadest index of Asia-Pacific shares outside Japan was broadly flat after posting its first weekly decline last week in three weeks.
Japan’s Nikkei fell 1.5 per cent as the yen rebounded in the face of renewed US dollar weakness.