Sensex fails to maintain initial momentum, down 24 points
Mumbai: Between gains and losses, the BSE Sensex failed to maintain the early momentum on selling pressure mainly in Auto, realty, power and capital goods counters amidst bearish Asian cues.
The BSE sensex opened slightly higher at 20,227.17 and advanced further to 20,288.76 before quoting at 20,200.15 at 1030hrs, showing a loss of 23.83 points or 0.12 pct from its last close.
The NSE 50-share Nifty also down by 13.10 points or 0.21 pct to 6,143.80 at 1030hrs.
Meanwhile, Foreign institutional investors (FIIs) bought shares worth a net Rs 753.37 crore as per provisional data from the stock exchanges.
Major losers were Tata Motors 2.20 pct, NTPC 1.92 pct, Maruti Suzuki 1.35 pct, M&M 1.15 percent and Sterlite 1.08 percent.
Asian stocks fell in early trade from a five-year high as investors weighed the pace of US Federal Reserve stimulus efforts. Key benchmark indices in Hong Kong, South Korea China, Singapore and Japan were down by 0.02 percent to 0.39 percent.