Sensex down by almost 250 pts at 1030 hrs | business | Hindustan Times
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Sensex down by almost 250 pts at 1030 hrs

The BSE benchmark Sensex tumbled by almost 250 points to below the psychological 20,000 points level in early trade today as profit-booking wiped out the initial gains made shortly after the opening bell.

business Updated: Nov 18, 2010 11:06 IST

The BSE benchmark Sensex tumbled by almost 250 points to below the psychological 20,000 points level in early trade on Thursday as profit-booking wiped out the initial gains made shortly after the opening bell.

The Sensex, which opened over 191 points higher on Thursday, was down by 249.63 points, or 1.25%, at 19,615.51 as of 1030 hours.

Similarly, the broad-based National Stock Exchange (NSE) Nifty index lost 81.95 points, or 1.36%, to 5,906.75 after jumping above the crucial 6,000-point level, at 6,076.20, in opening trade.

Brokers said both key indices, the Sensex and Nifty, were unable to sustain the early gains as realty, banking, metals and PSU stocks came under acute selling pressure.