Sensex down by another 52 points on mild selling pressure

The Sensex was down by 52 points at 1015 hours today after getting off to a good start as negative cues from other Asian bourses dragged the benchmark index of the Bombay Stock Exchange down.

The Sensex was down by 52 points at 1015 hours today after getting off to a good start as negative cues from other Asian bourses dragged the benchmark index of the Bombay Stock Exchange down. Metal, oil and gas, tech and realty stocks were the major losers in early trade.

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Interest-rate sensitive realty stocks extended their recent losses over concerns that high interest costs and property prices may dent demand for residential units. However, Tata Motors edged higher ahead of the announcement of its Q3 results.

The BSE benchmark Sensex was down by 51.65 points, or 0.30 per cent, at 17,411.39 at 1015 hours. In early trade, the barometer moved in a range.