Sensex in red on profit-taking, down 234 points | business | Hindustan Times
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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.