Sensex 92 pts down in opening trade on profit taking
The Bombay Stock Exchange benchmark Sensex fell by over 92 points in the opening trade after rising the most in nearly 10 months in the previous session, on emergence of profit-booking by foreign funds and retailers.business Updated: May 11, 2010 10:37 IST
The Bombay Stock Exchange benchmark Sensex fell by over 92 points in the opening trade on Tuesday after rising the most in nearly 10 months in the previous session, on emergence of profit-booking by foreign funds and retailers.
The 30-share index, which surged 561.44 points in yesterday, edged lower by 92.07 points, or 0.53 per cent to 17,238.48.
Realty, metals, auto and oil and gas sector stocks were under pressure, dragging the Sensex down.
The National Stock Exchange's Nifty fell 17.55 points, or 0.33 per cent, to 5,176.05 points.
Brokers said besides emergence of profit booking by foreign funds and retail investors, weak trend on other Asian bourses was also responsible for the fall.
Among losers Reliance Industries fell by 0.62 per cent to Rs 1,073.50, Infosys Technologies by 0.70 per cent to Rs 2,656.50, DLF Ltd by 1.27 per cent to Rs 300.25, Sterlite Industries by 0.54 per cent to Rs 752 and Tata Steel by 0.92 per cent to Rs 596.20.
Meanwhile, Hong Kong's Hang Seng shed 0.94 per cent in the morning trade today, while the US Dow Jones Industrial Average ended 3.90 per cent higher in yesterday's trade.
First Published: May 11, 2010 10:35 IST