Advertisement

HindustanTimes Thu,18 Sep 2014

Sensex sheds 40 pts on profit-booking

PTI  Mumbai, July 02, 2012
First Published: 09:52 IST(2/7/2012) | Last Updated: 09:53 IST(2/7/2012)

Snapping a four-day rising streak, the BSE benchmark Sensex fell by over 40 points in early trade today as funds and retail investors booked profits at prevailing levels.

Advertisement

The 30-share index, which gained over 547 points in the last four sessions, fell by 40.19 points, or 0.23%, to 17,389.79 with stocks of oil and gas, auto and banking sectors succumbing to profit-booking.

Similarly, the wide-based National Stock Exchange index Nifty declined by 11.90 points, or 0.23%, to 5,267.00.

Brokers said profit-booking by speculators after recent strong gains following government's moves to revive the economy and clarity on tax-avoidance rules, snapped the four-day rising streak.

They, however, added that a firming trend on Asian bourses following Friday's gains in the global markets capped the losses.

Meanwhile, in Asian region, Japan's Nikkei Index rose by 0.16%, while Hong Kong market remained closed.


Advertisement
more from Business

Wipro, Infosys enter list of top 5 Indian BPOs

The Indian business process management (BPM) industry has seen a rejig with Wipro and Infosys entering the top five positions in 2013-14, according to Nasscom, the industry body for IT-BPM.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved