Bears overrun initial gains; Sensex down 95 pts | business | Hindustan Times
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Bears overrun initial gains; Sensex down 95 pts

business Updated: Dec 11, 2008 12:07 IST
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Volatility gripped the bourses on profit-taking, forcing the Bombay Stock Exchange bellwether Sensex to the negative zone, as it surrendered the early gains and fell by almost 95 points at 1130 hrs.

The Sensex, which rose by nearly 90 points in opening trade, fell by 94.98 points to 9,559.92 at 1130 hrs.

The broad-based National Stock Exchange Nifty also fell by 31.30 points at 2,896.95, after rising by over 17 points in the opening session.

Marketmen said apart from profit-taking by speculators, weakening trends on other Asian equity markets also cast its shadow over the trading sentiments on the domestic bourses.

Major losers, which brought the Sensex down, included Reliance Industries, ONGC, NTPC, Infosys Technologies, Satyam Computers, Tata Consultancy, Wipro, Bharti Airtel, BHEL, Larsen and Toubro, HDFC Ltd and ITC Ltd.