BSE Sensex slips below 27000 as exports shrink
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Shrugging-off positive global cues, the benchmark BSE Sensex fell 51 points to drop below the 27,000-level in early trade on Friday on profit booking amid exports falling for the 10th straight month in September.
Furthermore, profit-booking by participants after Thursday's gains, dampened sentiments.
The 30-share barometer dipped below the 27,000-mark by declining 51 points or 0.19% to 26,959.14 on Friday's early trade with FMCG, realty, banking and metal sector stocks leading the fall.
The gauge rose by 230.48 points in yesterday's session.
Also, the NSE Nifty was quoting 17.35 points or 0.21 % down at 8,162.15.
Brokers said investors booked profit after weak economic data.
India's exports contracted for the 10th straight month by 24.33% in September to USD 21.84 billion due to steep fall in shipments of petroleum productions, iron ore, and engineering goods amid tepid global demand, negatively impacted sentiments.
In Asian markets, Hong Kong's Hang Seng was up by 0.41%, Japan's Nikkei up by 1.13 %, while Shanghai Composite index up 0.34 % in early trade on Friday.
The Dow Jones Industrial Average ended 1.28% higher in Thursday's trade.
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