Sensex erases early gains, falls 80 pts at mid-session

Last Updated: Monday, December 7, 2009 - 14:05

Mumbai: The Bombay Stock Exchange Sensex
erased early gains in the mid-session on Monday to trade lower by
over 80 points on profit selling in heavy-weight stocks in the
metal sector.

The Sensex, which opened nearly 75 points higher, fell
back to record a loss of 80.13 points at 17,021.41 at 1300 hrs
with metal companies falling as commodity prices declined.

The fall was capped after shares of software exporting
firms edged up on dollar firming against the rupee, raising
hopes of an improvement in revenues of information technology
companies.

The wide-based National Stock Exchange index Nifty fell
by 31.25 points to 5,077.65 at the same time. It had touched
the day`s high of 5,131.30 points.

PTI



First Published: Monday, December 7, 2009 - 14:05

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