Sensex down after previous rallies

Indian equities were ruling in the red today after a key index opened lower, after rising more than 400 points this week due largely to the favourable monetary policy announced by the central bank three days ago.

Indian equities were ruling in the red intra-day Friday after a key index opened lower, after rising more than 400 points this week due largely to the favourable monetary policy announced by the central bank three days ago.

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The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,459.72 points, against the previous close at 17,503.71 points. After moving to an intra-day high of 17,507.90 points and a low of 17,442.23 points, it was ruling at 17,480.13 points.

At this level, the barometer index was down 23.58 points, or 0.13%. As many as 16 of the 30 shares that comprise the Sensex basket were in the red.

Reliance Industries, Larsen and Toubro and Tata Motors were among the stocks that were down, while Mahindra and Mahindra, Maruti Suzuki and Bajaj Auto were among the gainers.