Sensex in negative zone as profit-taking emerges

After a firm start, the Bombay Stock Exchange benchmark Sensex fell by nearly 75 points at midsession on Tuesday on profit-taking at improved levels and weak opening on the London Stock Exchange.

After a firm start, the Bombay Stock Exchange benchmark Sensex fell by nearly 75 points at midsession on Tuesday on profit-taking at improved levels and weak opening on the London Stock Exchange.

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The Sensex, which recovered by over 150 points at one stage, fell back to quote 74.94 points lower at 9,035.11 at midsession after heavy-weight stocks of banking and metal sectors succumbed to profit-taking.

The broader 50-share National Stock Exchange Nifty was down by 31.70 points to 2,741.40 after rising to 2,802.60 in early trade.

Stock brokers said apart from profit-taking by speculators, weak trend in opening trade on the London Stock Exchange also triggered selling on the domestic bourses, wiping-off initial gains completely.