Sensex down 101 points in early trade
The Bombay Stock Exchange benchmark Sensex fell by over 100 points in early trade today on selling by funds and retail investors, influenced by the weak trend in the global markets.business Updated: Jun 17, 2009 10:45 IST
The Bombay Stock Exchange benchmark Sensex fell by over 100 points in early trade today on selling by funds and retail investors, influenced by the weak trend in the global markets.
The 30-share barometer, which had gained 82.39 points in yesterday's volatility, slipped by 101.46 points at 14,856.45 in the first five minutes of trading.
Similarly, the wide-based National Stock Exchange fell by 34.70 points to 4,483.10.
Stock brokers said besides reports of weak trend in the global markets, profit-taking by investors, also influenced market movement.
Stocks, which dragged the Sensex down, are Infosys down 2.22 per cent at Rs 1,685.95, Wipro 1.13 per cent at Rs 92.50, TCS 1.23 per cent at Rs 385, BHEL 1.38 per cent at Rs 2,126, L&T 1.61 per cent at Rs 1,502, ONGC 1.78 per cent at Rs 1,104.50 and State Bank of India 1.04 per cent at Rs 1,696.20.
However, select stocks in auto, realty and power sectors were in some demand and cushioned the fall to some extent.
Bucking the trend, DLF Ltd gained 1.34 per cent at Rs 358.05, Tata Power 1.45 per cent at Rs 1,198 and Reliance Infra 1.58 per cent at Rs 1,288.55.
The US Dow Jones Industrial Average closed 1.25 per cent down on Tuesday.
Meanwhile, Hong Kong Hang Seng index is trading low by 1.2 per cent, but Japan's Nikkei is in the positive by 0.55 per cent in morning trade.