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05-29-2013, 12:35 PM #1
BSE Sensex down on emergence of profit-booking
Emergence of profit-booking by funds and retailers amid a mixed trend in Asian markets led the BSE benchmark Sensex fall in morning trade on Wednesday.
At 10.06 am, Sensex was down 42.80 points at 20118.02. Similarly, Nifty was down 22.50 points at 6088.75 during the same time.
The 30-share barometer declined by 77.03 points, or 0.38 per cent, to 20,083.79 with banking, consumer durables and capital goods stocks leading the fall. The index had gained nearly 487 points in the last three sessions.
Similarly, the wide-based National Stock Exchange index Nifty fell by 16.90 points, or 0.28 per cent, to 6,094.35.
Brokers said fresh selling by funds and retail investors, mostly of a profit-booking nature, and a mixed trend on Asian bourses influenced the trading sentiment.
Besides, a cautious approach by participants ahead of Thursday's monthly expiry in the derivatives segment and weakening rupee which fell to nearly 9-month low also impacted the trading sentiments, they said.
In the Asian region, Hong Kong's Hang Seng index eased by 0.67 per cent, while Japan's Nikkei up 0.520 per cent in the opening trade on Wednesday.
The US Dow Jones had ended 0.69 per cent higher in Tuesday's trade.