Sensex down 125 points in opening trade on profit-booking | business | Hindustan Times
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Sensex down 125 points in opening trade on profit-booking

The Bombay Stock Exchange benchmark Sensex fell over 125 points in early trade today as foreign funds and retail investors preferred to book profits after witnessing strong rally in the past few sessions.

business Updated: Jul 21, 2009 11:26 IST

The Bombay Stock Exchange benchmark Sensex fell over 125 points in early trade today as foreign funds and retail investors preferred to book profits after witnessing strong rally in the past few sessions.

However, firming trends in global markets restricted losses on the domestic bourses here.

The BSE-30 share benchmark Sensex, which had gained over 940 points in the past two sessions, fell by 125.76 points at 15,065.25.

Similarly, the Nifty index on the wide-based National Stock Exchange lost 29.35 points to 4,472.90.

Stocks of IT, realty, metals and auto sectors, which had risen sharply in the recent run-up, succumbed to
profit-taking.

Market analysts said emergence of profit-booking by major players including foreign funds at existing higher levels,mainly led to a fall in select stocks.

Among software exporters, Infosys Technologies fell by 1.57 per cent at Rs 1,941.70 and TCS Ltd by 0.96 per cent at Rs 495.30 but Wipro surged 1.08 per cent at Rs 465 on hopes of encouraging results.