Mumbai: The Bombay Stock Exchange (BSE) standard Sensex plummeted by 95 points in opening trade on Wednesday as speculators booked profits made after two sessions of gains amid a weakening trend on other Asian bourses.

Sensex, which gained nearly 120 points in the previous two sessions, suddenly fell by 95.18 points, or 0.51 percent, to 18,400.44, with FMCG, banking, IT and capital goods stocks leading the decline.

Similarly, the wide-based National Stock Exchange Nifty index moved down by 29.65 points, or 0.53 percent, to 5,526.50 points.
Market experts say the fall in stock prices was mostly due to the emergence of profit-booking following two sessions of gains, besides the absence of positive cues.

In addition, a subdued trend on other Asian bourses following overnight losses in the US market dampened the market sentiment at home.

In Asia, Hong Kong's Hang Seng index shed 0.93 percent and Japan's Nikkei was trading 0.32 percent down on Wednesday morning. In the US, the Dow Jones Industrial Average ended 0.16 percent lower in Tuesday's trade.

(Agencies)