Sensex in red on profit-taking, down 234 points
The 30-share index gathers another 314.29 points at 10,945.41 on massive buying in the stocks of banking and realty sectors.business Updated: Nov 05, 2008 13:19 IST
The Bombay Stock Exchange benchmark Sensex pared initial gains and fell by 234 points at 1125 hrs on emergence of profit-taking by retail investors after strong rally in the past five sessions.
The 30-share index, which rose by 314 points in early trade, was ruling 234 points, or 2.20 per cent lower at 10,397.12 points at 1125 hrs after heavy-weight stocks such as Reliance Industries, Larsen and Toubro, Reliance Infra, State Bank of India and ICICI Bank plunged sharply.
Similarly, the wide-based National Stock Exchange index Nifty fell by 71.70 points, or 2.25 per cent at 3,070.40 after rising to 3,240.55 in early trade.