Sensex 62 pts down in opening trade
The Bombay Stock Exchange benchmark Sensex fell by nearly 62 points in opening trade today on emergence of profit-booking by foreign funds and retailers amid weak Asian cues.business Updated: Apr 27, 2010 10:37 IST
The Bombay Stock Exchange benchmark Sensex fell by nearly 62 points in opening trade on Tuesday on emergence of profit-booking by foreign funds and retailers amid weak Asian cues.
The 30-share index, which gained nearly 345 points in the previous five trading sessions, edged lower by 61.71 points,
or 0.34 per cent cent to 17,683.57 points.
Realty, banking, metals, auto and oil and gas sector stocks were under pressure, dragging the Sensex down.
The National Stock Exchange's Nifty fell 21.05 points, or 0.39 per cent, to 5,301.40 points.
Brokers said besides emergence of profit-booking by foreign funds and retail investors after recent gains, weak
trend on other Asian bourses was also responsible for the fall.
They said off-loading of positions by players ahead of Thursday's expiry in the derivatives segment also cast its
shadow on the trading sentiments.
DLF Ltd fell by 1.61 per cent to Rs 317.80, HDFC Bank by 0.80 per cent to Rs 1,975, ICICI Bank by 0.73 per cent to Rs 953.05, Reliance Industries by 0.59 per cent to Rs 1,063.50, Sterlite Industries by 1.04 per cent to Rs 833.70, Tata Steel by 0.66 per cent to Rs 652.55 and Wipro by 0.31 per cent to Rs 697.15.
Meanwhile, Japan's Nikkei was down 0.42 per cent, while Hong Kong's Hang Seng shed 1.44 per cent in the morning trade today.