Sensex sheds 40 pts in early trade on profit-taking

Last Updated: Thursday, January 7, 2010 - 09:44

Mumbai: The Bombay Stock Exchange benchmark
Sensex on Thursday fell by over 40 points, or 0.23 percent, in
early trade as investors sold shares to book profit after
recent gains.

The Sensex fell by 40.44 points to 17,660.69 points. The index gained over 355 points in the last four sessions.

The wide-based National Stock Exchange index Nifty also slipped by 10.15 points, or 0.19 percent, to 5,271.65 points.

Power, IT and banking stocks were major losers on BSE.

Brokers said profit-booking by funds and retail investors after recent gains dragged the index down.

Flat to subdued trends on the other Asian bourses also
impacted negatively the market sentiments, they said.

NTPC fell by 0.74 percent to Rs 226.65, Tata Power by
1.59 percent to Rs 1,450.65, Infosys by 1.39 percent to Rs
2,548.55, Wipro by 0.89 percent to Rs 687, SBI by 0.52 percent to Rs 2,293, ICICI Bank by 1.01 percent to Rs 886.15,
Mahindra and Mahindra by 0.95 percent to Rs 1,166.90 and BHEL
by 0.53 percent to Rs 2,409.

Bucking the trend, Reliance Industries remained strong and
gained another 1.21 percent to Rs 1,102, Hindalco by 2.11 percent to Rs 174.50 and ACC up by 1.38 percent to Rs 917.50.

PTI



First Published: Thursday, January 7, 2010 - 09:44

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