Mumbai: The BSE benchmark Sensex on Wednesday declined by nearly 33 points in early trade on profit-booking by funds and retail investors.

However, a firming trend on Asian boures following overnight rally in the US and European markets capped the losses.
The 30-share barometer, which had gained 194.79 points in the previous session, fell by 32.88 points, or 0.19 percent, to 16,829.92.
Similarly, the wide-based National Stock Exchange index Nifty shed 9.70 points, or 0.18 percent, to 5,106.20.  Brokers said profit-booking by speculators after Tuesday's strong gains mainly led to a fall in stock prices.
However, hopes of rate cut by the Reserve Bank early next week and a firming trend in Asian markets restricted the losses, they added.
In the Asian region, Hong Kong's Hang Seng index was up 0.16 percent, while Japan's Nikkei Index gained 0.61 percent in the morning trade. The US Dow Jones Industrial Average ended 1.31 percent higher in Tuesday’s trade.


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