Sensex sheds 90 points on profit selling

The benchmark Sensex ends lower by over 90 points on the BSE on Wednesday on emergence of profit selling by funds in heavy-weight stocks.

The benchmark Sensex ended lower by over 90 points on the Bombay Stock Exchange on Wednesday on emergence of profit selling by funds in heavy-weight stocks.

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The 30-share index, Sensex, which commenced the day higher, moved down to close with a loss of 90.46 points at 14,363.26, after moving between 14,500.64 and 14325.89 points.

The second wide-based National Stock Exchange index Nifty lost 31.90 points at 4246.20. It moved between 4291.40 and 4231.05 points during the day.

The selling pressure was heavy, which eroded prices of almost all the segment shares, barring some metal stocks.