Mumbai, Apr 27: The benchmark BSE Sensex gave up over 122 points to fall below the 26,000-level in early trade today due to profit-booking by investors and weak Asian cues. Caution ahead of expiry of April series contracts in the derivatives segment tomorrow influenced sentiment. The 30-share barometer was down by 122.06 points, or 0.46 per cent, to 25,885.24 in early trade, with sectoral indices led by banking, power and healthcare trading lower. Also Read - Sensex Falls 440 Points To 50,406; Nifty Slips Below Key 15,000 Level

The index had risen 328 points yesterday, tracking a recovery in global stocks and oil prices. The NSE Nifty dropped by 22.10 points, or 0.27 per cent, to 7,940.55. Brokers said apart from profit-booking, a weak trend in Asia amid caution ahead of a closely watched Federal Reserve policy announcement later in the day and the start of Bank of Japan policy meeting mainly pulled the indices down. (ALSO READ: Market shows traction,Sensex retakes 26k on oil, global bounce) Also Read - Sensex Dives 726 Points, Slips Below 51,000-Level; Nifty Down By 197 Points

Japan’s Nikkei fell 0.59 per cent while Hong Kong’s Hang Seng shed 0.31 per cent in early trade today. Shanghai Composite was quoting almost flat. The Dow Jones Industrial Average ended 0.07 per cent higher in yesterday’s trade. Also Read - Sensex up 800 Points; Auto, Banking Stocks Rise