Sensex opens 80 points lower

Mumbai: The Bombay Stock Exchange benchmark Sensex fell by nearly 80 points in opening trade today due to profit booking by funds amid weak global cues.

The 30-share barometer, which had gained 68.22 points in the previous session, fell by 79.61 points to 18,966.93 points.

The wide-based National Stock Exchange Nifty index also declined by 24.30 points to 5,687.30 points.

Analysts attributed the decline to profit booking by investors amid a weakening trend in other Asian markets.

Japan`s Nikkei was trading 0.87 per cent lower, while Hong Kong`s Hang Seng index marginally up by 0.05 per cent in early trade.

In the US, the Dow Jones Industrial Average ended 0.02 points lower yesterday.