Sensex down 164 points in early trade
The Bombay Stock Exchange benchmark Sensex, which had gained 461.14 points on Monday, loses 164.23 points, or 1.11 per cent to 14,780.74.Updated: Sep 09, 2008, 11:01 IST
The Bombay Stock Exchange benchmark Sensex fell by 164 points in early trade today on funds selling and profit-taking by retail investors at higher levels in capital goods, oil and gas and metal sectors stocks.
The 30-share index, which had gained 461.14 points on Monday, lost 164.23 points, or 1.11 per cent to 14,780.74.
Similarly, the wide-based National Stock Exchange's index Nifty plunged by 50.30 points, or 1.04 per cent to 4,432.00.
Stock brokers said reports of subdued trends in global markets and profit-taking by market participants at higher levels mainly dampened the trading sentiments here, attributing fall in the Sensex.
Major stocks which pulled the Sensex down were DLF Ltd, Larsen and Toubro, BHEL, HDFC Ltd, State Bank of India, HDFC Bank, ICICI Bank, Reliance Industries, Reliance Infra, Grasim Industries, Tata Steel, Infosys Technologies, Tata Consultancy Services, Wipro, Satyam Computers, Ranbaxy Lab and Maruti Suzuki.
Meanwhile, Hong Kong's benchmark Hang Seng index moved down by 1.9 per cent in early trade.