Sensex slides on profit-taking, negative Asian cues
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened in the red and declined 0.75 per cent or 70 points to 18,217 by noonbusiness Updated: Aug 10, 2010 13:26 IST
A benchmark index for Indian equities was trading in the negative terrain on Tuesday as short-term investors booked profit after the rally in the previous session.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened in the red and declined 0.75 per cent or 70 points to 18,217 by noon.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was also in the red, trading at 5,463 points, down 0.41 per cent or 22 points.
Among the major drags on the Sensex were Tata Motors, down 2.06 per cent at 900.05; Wipro, down 1.69 per cent at 429.75, TCS, down 1.53 per cent at 864.85 and Reliance Comm, down 1.5 per cent down at 174.45.
Broader markets indices were also in the red with the BSE midcap index 0.14 per cent down and the smallcap index trading 0.02 per cent lower.
Most Asian markets were in the red after data revealed that China’s imports for the month of July were weaker than expected.
The Chinese Shanghai Composite index fell 2.88 per cent at 2,595 points. Hong Kong's Hang Seng declined 1.36 per cent at 21,505 and the Japanese Nikkei declined 0.22 per cent at 9,551.