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Profit booking pulls Sensex down

The benchmark Sensex falls 121 points on emergence of heavy selling at the existing higher levels.

business Updated: Jan 03, 2008 14:34 IST

The Bombay Stock Exchange benchmark Sensex on Thursday fell 121 points on emergence of heavy selling at the existing higher levels.

The 30-share index, which gained 165 points on Wednesday, witnessed profit-booking in the first five minutes of trade and shed 121.29 points to 20,344.01.

The National Stock Exchange's Nifty also fell by 53 points to 6,126.40 as heavy weights like Reliance Industries, Infosys and Tata Steel fell sharply.

A weakening global trend had a negative impact on the market in Mumbai, brokers said.