Sensex sheds over 149 points midway
Profit selling snapped a four-day rising spree at mid-session on the Bombay Stock Exchange on Thursday as the benchmark Sensex shed over 149 points on fall in prices of reality, cement and refinery stocks.
The Sensex, which had been on upward march for the last four straight trading sessions, fell by 149.02 points at 14,731.22 at 1300 hrs, after touching an intra-day record high of 14,963.26.
Similarly, the National Stock Exchange index Nifty lost 47.50 points at 4,311.80. It also set an intra-day peak at 4,378.55 in early trade.
Marketmen said the trading sentiment turned bearish as investors and funds indulged in booking profits at existing higher levels, when Sensex came close to the 15,000 points mark.
Analysts said that realty stocks were down after the just-listed shares of DLF Ltd fell back to Rs 540 at noon against the market expectations of Rs 570.
The offered price of the DLF Ltd stock was Rs 525. The profit selling activity was more at high flying counters like Reliance Industries, ACC and Tata Steel.