Sensex down 45 points as profit-taking emerges
Updated On: 06 January, 2009 10:53 AM IST | PTI
The stock market turned somewhat weak with the Bombay Stock Exchange benchmark Sensex falling by over 45 points in early trade on Tuesday on emergence of profit-taking at improved levels by speculators and funds amid a mixed trend in global equity markets.
The stock market turned somewhat weak with the Bombay Stock Exchange benchmark Sensex falling by over 45 points in early trade on Tuesday on emergence of profit-taking at improved levels by speculators and funds amid a mixed trend in global equity markets.
The 30-share barometer which had gained 317.38 points on Monday, fell by 45.73 points at 10,229.87 after stocks of realty, banking, auto, oil and gas and capital goods retreated to profit-taking.
The broader 50-share Nifty of the National Stock Exchange also fell by 13.80 points to 3,107.65.
Stock brokers said apart from profit-taking at higher levels, fears that quarter earnings might be disappointing also cast its shadow on the trading sentiment.
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Major losers which dragged the Sensex down were Larsen and Toubro, ONGC, Reliance Industries, Reliance Infra, Rcom, State Bank of India, ICICI Bank, DLF Ltd, Maruti Suzuki and Tata Power.
Bucking the trend, metal stocks such as Sterlite Industries and Tata Steel remained strong on funds buying.
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