The Bombay Stock Exchange benchmark Sensex fell by nearly 220 points in early trade on Wednesday as funds and investors preferred booking profits at attractive higher levels after two sessions of strong rally.

The 30-share barometer, which rallied 18 per cent in last two trading sessions on hopes of a pro-market and accelerated reforms by the UPA government, lost 219.76 points at 14,082.27 on fresh spell of profit-taking mostly in banking and technology sector stocks.