Sensex in negative zone as profit-taking emerges | business | Hindustan Times
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Sensex in negative zone as profit-taking emerges

business Updated: Jan 13, 2009 14:29 IST

After a firm start, the Bombay Stock Exchange benchmark Sensex fell by nearly 75 points at midsession on Tuesday on profit-taking at improved levels and weak opening on the London Stock Exchange.

The Sensex, which recovered by over 150 points at one stage, fell back to quote 74.94 points lower at 9,035.11 at midsession after heavy-weight stocks of banking and metal sectors succumbed to profit-taking.

The broader 50-share National Stock Exchange Nifty was down by 31.70 points to 2,741.40 after rising to 2,802.60 in early trade.

Stock brokers said apart from profit-taking by speculators, weak trend in opening trade on the London Stock Exchange also triggered selling on the domestic bourses, wiping-off initial gains completely.