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Market remains weak ahead of SEBI meet

The benchmark index falls by nearly 53 points in the early trade on some profit-booking ahead of SEBI meeting.

business Updated: Oct 25, 2007 10:59 IST

The benchmark index fell by nearly 53 points in the early trade on the Bombay Stock Exchange on Thursday on some profit-booking ahead of SEBI meeting to be held on Thursday evening.

The 30-share index, Sensex, fell by 53.40 points at 18,459.51 in the first five minutes of trade.

Similarly, the wide-based National Stock Exchange index Nifty declined by 26.85 points at 5,469.30.

The brokers were hesitant to extend their position in the market ahead of the Security Board and Exchange of India meeting on to take a view on the discussion paper released by the regulator to put curbs on foreign investments through participatory notes.