Sensex falls in opening trade

August 24, 2009 05:44 pm | Updated August 25, 2009 11:50 am IST - Mumbai

The Bombay Stock Exchange benchmark Sensex today fell by 154 points in opening trade as foreign funds and retail investors preferred to book profits amid weak Asian markets.

The 30-share index, Sensex, which had gained nearly 820 points in the past three session, moved down by 153.92 points, or 0.95 per cent to 15,474.83 in opening trade.

Similarly, the Nifty index on the wide-based National Stock Exchange lost 44.85 points to 4,597.95.

Stocks of oil and gas, realty, banking and metal sectors succumbed to profit-taking, dragging the Sensex down.

Market analysts said emergence of profit-booking by major players, including foreign funds, at prevailing attractive levels led to a fall in select stocks.

They said weak trend on other Asian markets, which were down up to 1.5 per cent in morning trade today, too cast its shadow on the trading sentiments here.

Major losers were RIL, which fell by 0.16 per cent to Rs 1,971.10, Reliance Infra by 2 per cent to Rs 1,114.50 and Infosys Tech by 0.65 per cent to Rs 2,065.

Further, State Bank of India moved down by 0.81 per cent to Rs 1,775.05, ICICI Bank by 1.28 per cent to Rs 757.85, ITC

Ltd by 1.17 per cent to Rs 237, DLF Ltd by 1.05 per cent to Rs 390.10 and Tata Power by 1.81 per cent to Rs 1,297.05.

The Hong Kong's Hang Seng Index was down by 1.5 per cent, while Japan's Nikkei shed one per cent in morning trade today.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.