Sensex back in negative zone, down 130 points

After rising by almost 155 points in early trade, the Bombay Stock Exchange benchmark Sensex fell to trade over 130 points down at 1130 hours as investors indulged in liquidating their positions at improved levels.

After rising by almost 155 points in early trade, the Bombay Stock Exchange benchmark Sensex fell to trade over 130 points down at 1130 hours as investors indulged in liquidating their positions at improved levels.

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The 30-share index, which rebounded by 155 points in early trade, fell 131.01 points to 14,362.83 points at 1130 hrs with metals, power and PSUs stocks reacting to profit-booking by funds and retail investors.

The 50-share National Stock Exchange index Nifty fell 37.65 points to 4,253.45 points after rising to 4,338.25 in early trade.

Stock brokers said profit-taking at higher levels and reports of reversal of early firming trends in other Asian bourses, mainly dampened trading sentiment here.

Major losers which pulled the the Sensex down were Reliance Industries, which fell 1.03 per cent to Rs 2,002.60, Reliance Infra 1.21 per cent to Rs 1,183, RCom 2.04 per cent to Rs 284, Hindalco 6.36 per cent to Rs 80.95, Sterlite Industries 0.47 per cent to Rs 605 and Tata Steel 1.75 per cent to Rs 383.50.