The benchmark BSE Sensex dropped by another 102 points in morning trade on Friday on selling pressure from operators mainly in refinery, capital goods and banking sectors, tracking lower Asian cues.
The 30-share index Sensex resumed slightly higher at 22,522.46 and moved up further to 22,525.21 on initial buying.
However, it declined immediately to 22,378.49 before quoting 22,406.88 at ao a.m., showing a loss of 102.19 points or 0.45 per cent from its last close.
The NSE 50-share Nifty also declined by 30.25 points, or 0.45 per cent, to 6,705.85 at ao a.m.
Major losers were — GAIL 2.40 per cent, ONGC 1.78 per cent, Coal India 1.42 per cent, Larsen 1.29 per cent, BHEL 1.15 per cent, ICICI Bank 1.15 per cent, SBI 1.00 per cent and Bajaj Auto 1.00 per cent.
Meanwhile, Foreign Institutional Investors (FIIs) continued their buying spree by investing net Rs. 717.39 crore on Thursday, as per provisional data from the stock exchanges.
