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Sensex drops 131 points

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MUMBAI: After Tuesday’s significant gains, the markets reacted negatively on Wednesday with the benchmark Sensex ending lower by a modest 131 points.

Snapping its four-session winning streak, the 30-share Sensex on the Bombay Stock Exchange settled the day at 16086.83 points, a fall of 130.66 points, or 0.81 per cent, from its previous close.

The key index touched a high of 16309.88 in early trade.

The 50-issue S&P CNX Nifty of the National Stock Exchange also fell by 48.65 points to 4828.85 from its previous close.

The fall came just a day after the BSE barometer posted its second largest gain of over 928 points on Tuesday on indications of global investment scenario improving.

Marketmen said investors preferred to book profit at existing higher levels, considering that March derivatives contract is ending tomorrow. — PTI


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