Sensex down by 57 points
The 30-share BSE bellwether was quoted at 17,315.87 at 1030 hours, a loss of 57.14 points from its previous close of 17,373.01.business Updated: May 08, 2008 11:05 IST
The Bombay Stock Exchange benchmark Sensex was down by 57.14 points at 1030 hours on Wednesday as investors continued to book profits in select counters mainly in capital and banking sectors even as Asian market showed a mixed trend.
The Capital goods index dropped by 139.90 points to 13,814.65 from 13,954.55 previously and the Bankex fell by 118.35 points to 8,970.35 from 9,088.70 on Tuesday.
The 30-share BSE bellwether was quoted at 17,315.87 at 1030 hours, a loss of 57.14 points from its previous close of 17,373.01.
The broader 50-share S&P CNX Nifty of the National Stock Exchange also dropped by 11.65 points to 5,133.00 at 1030 hours from its last close of 5,144.65.
Marketmen said investors preferred to book profits in the light of the inflation at uncomfortable levels amid world oil prices hitting a new record at 122.49 dollar a barrel in London.
The market is driven by global factors and any negative developments in world markets would have negative impact on bourses at home, they added.