Sensex opens weak at 12,631.54, loses 35 pts
Mukesh Ambai - owned RPL opened 70 per cent higher at Rs 101.95 as against the IPO rate of Rs 60 per shares.Updated: May 11, 2006 10:57 IST
The Bombay Stock Exchange Sensex turned weak on Thursday after a long record-breaking stride and was down by 34.74 points at 12,577.64 on fresh selling.
The BSE 30-share index started better at 12,631.54 as against Wednesday's close of 12,612.38.
After shooting up to a new intra-trade high of 12,671.11, it fell back sharply to a low of 12,572.53 and was quoted at 12,577.64 at 10.05 am, showing a fresh loss of 34.74 points over Wednesday.
Mukesh Ambai-owned Reliance Petroleum Ltd (RPL) opened 70 per cent higher at Rs 101.95 as against the IPO rate of Rs 60 per shares, but soon fell sharply to Rs 84.50.
The weak spots were RIL, Infosys Tech, Satyam, ICICI Bank, Tata Motors, Tata Power, Wipro, TCS and L&T during early trade.
First Published: May 11, 2006 10:55 IST