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.

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.

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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.