Sensex opens 86 points down
The Bombay Stock Exchange benchmark Sensex fell by over 86 points in the opening trade today, largely on continued profit-booking by funds and retail investors.business Updated: Oct 27, 2010 11:11 IST
The Bombay Stock Exchange benchmark Sensex fell by over 86 points in the opening trade on Wednesday, largely on continued profit-booking by funds and retail investors.
Off-loading of positions by participants ahead of Thursday's monthly expiry in the derivatives segment also cast shadow on the trading sentiments.
The 30-share barometer, which had lost 81.73 points in Tuesday's volatile session, was quoting at 20,135.12 points in the open trade, lower by 86.27 points or 0.43 per cent from Tuesday's close. Weakness in metal, IT, and banking sector stocks, dragged it down.
Similarly, the wide-based National stock Exchange index Nifty also fell by 26.60 points or 0.43 per cent to 6,055.40.
Brokers said continued profit-booking at select index-related stocks by funds and retail investors, coupled with lower-than-expected quarterly earnings by some corporates weighed down the market sentiment.
In other important markets in Asia, the Hong Kong's hang Seng index was quoting higher by 0.30 per cent, while Japanese Nikkei was marginally 0.68 per cent up in the morning trade today.
In the US, Dow Jones Industrial Average had ended 0.05 per cent higher in Tuesday's trade.