Market reverses early firm trend, loses 285 pts

The BSE Sensex, which commenced the day with a gain of 183 points, loses 284.40 points to 15,360.04 at 1200 hours.

The Bombay Stock Exchange benchmark Sensex reversed an early firm trend at noon on Tuesday and lost nearly 285 points on emergence of profit selling by funds and general investors.

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The 30-share index, Sensex, which commenced the day with a gain of 183 points, fell back sharply to trade at 284.40 points at 15,360.04 at 1200 hours as heavyweights like Reliance Industries, State Bank of India, ACC and ICICI Bank declined sharply.

The Sensex had lost 727 points on Monday before recovering in early trade today by adding 183.32 in the opening session.