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Mumbai:  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 per cent to 26,959.14 in early trade on Friday with FMCG, realty, banking and metal sector stocks leading the fall. The gauge rose by 230.48 points in Thursday’s session.

Also, the NSE Nifty was quoting 17.35 points or 0.21 per cent 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 per cent in September to $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 per cent, Japan’s Nikkei up by 1.13 per cent, while Shanghai Composite index up 0.34 per cent in early trade on Friday.

The Dow Jones Industrial Average ended 1.28 per cent higher in Thursday’s trade. 


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Todays Epaper

Mob lynching is continuously occurred in different parts of India. Is this threat to democracy?

Yes
No
Can't say