Sensex down 63 points in opening trade on global cues
The Bombay Stock Exchange benchmark Sensex today fell by over 63 points to 16,849.59 in opening trade on fresh capital outflows by foreign funds, triggered by weak global markets.business Updated: Dec 17, 2009 11:25 IST
The Bombay Stock Exchange benchmark Sensex today fell by over 63 points to 16,849.59 in opening trade on fresh capital outflows by foreign funds, triggered by weak global markets.
Profit-taking by retail investors in some stocks also put pressure on the stock prices.
The Sensex, which gained 35.61 points in yesterday's choppy trade, moved down by 63.18 points, or 0.37 per cent to
16,849.59 in opening trade.
The wide-based National Stock Exchange index Nifty also drifted by 21.65 points, or 0.42 per cent to 5,020.40
Brokers said fresh selling by funds and retail investors following overnight losses on the US market and weak opening on the other Asian bourses despite the Federal Reserve's confidence about the US economy mainly dampened the trading sentiments here.
Besides, profit booking by retail investoros in select counters at prevailing prices, also attributed to fall in
stock prices, they said.
Major losers, which dragged the Sensex down were Reliance that fell by 0.47 per cent to Rs 1,042, State Bank of India by 0.43 per cent to Rs 2,143.45, ICICI Bank by 0.25 per cent to Rs 821.20, HDFC Bank by 1.15 per cent to Rs 1,673, HDFC Ltd by 1.14 per cent to Rs 2,579 DLF Ltd 1.32 per cent to Rs 364.40 and Tata Power by 0.73 per cent to Rs 1,315.50.
The Hong Kong's Hang Seng index was down 1.02 per cent in the morning trade today. The US Dow Jones Industrial Average closed 0.10 per cent down yesterday.