Intra-day: Sensex tumbles by over 191 points
After gaining 188 points in the opening session, the Sensex fell back to reveal a loss of 191.18 points at 14,751.10 at 1300 hrs.business Updated: Jul 24, 2008 16:22 IST
The Bombay Stock Exchange benchmark Sensex snapped a five-day long surge and tumbled by over 191 points at mid-session today on heavy profit selling by funds and investors at existing higher levels.
After gaining 188 points in the opening session, the Sensex fell back to reveal a loss of 191.18 points at 14,751.10 at 1300 hrs. The Sensex gained nearly 2,370 points in the last five sessions.
The second wide-based National Stock Exchange index Nifty fell by 45.50 points at 4431.30, after touching a high of 4539.45 points in the opening session as stocks in technology and capital goods segments recorded heavy losses.
"The market facing heavy profit-booking at existing higher levels and before the announcement of inflation data this evening," said a BSE broker Ratnesh Gupta.
He said the inflation data is expected to rise near 12 per cent.