Sensex down 92 points in early trade on Asian cues

The benchmark BSE Sensex fell over 92 points and the NSE Nifty dipped below the 7,600-mark in early trade on selling in auto, FMCG, banking, capital goods and consumer durables stocks.

Besides, a weak trend in other Asian bourses also influenced sentiment here.

The 30-share index fell by 92.50 points or 0.37 per cent to 24,808.13 after regaining the 25,000-mark to hit 25,013.13 points.

The gauge had gained 17.04 points in the previous volatile session.

The NSE Nifty broke below the 7,600-mark by falling 22.55 points or 0.30 per cent to 7,591.80.

Brokers said trimming of positions by participants ahead of earnings season, weak trend at other Asian markets despite the release of minutes from the Federal Reserve’s latest meeting showing policymakers broadly agree US interest rate should remain low, dampened trading sentiments.

Among other Asian markets, Japan’s Nikkei was down 0.25 per cent while Hong Kong’s Hang Seng was down 0.08 per cent in morning trade today. Shanghai Composite index edged lower by 0.86 per cent.

The US Dow Jones ended 0.64 per cent higher in yesterday’s trade.