Sensex declines by 81 points after a good start

Shrugging off its early gains, the benchmark Sensex on Thursday declined by over 81 points at 1115 hrs due to profit-booking at higher levels.

Shrugging off its early gains, the benchmark Sensex on Thursday declined by over 81 points at 1115 hrs due to profit-booking at higher levels.

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The BSE-Sensex opened higher by over 80 points to 11,367.23 on good support from foreign funds on the back of higher global cues, but declined to 11,203.10 at 1115 hrs, a fall of 81.63 points over the previous close.

Marketmen said profit-taking by funds at existing higher levels led to the decline in the equity markets.

As per the provisional data released by the stock exchanges, foreign funds bought shares worth Rs 684.50 core on Wednesday. FII inflows totalled Rs 2,320 crore in the first few days in the current month.

The National Stock Exchange's 50-share Nifty also moved down by 23.60 points to 3,460.55 from its previous close.