Friday, 26 October 2012

Sensex down 94 points on profit booking

Sensex down 94 points on profit booking
Clean Media Correspondent

MUMBAI, Oct 26 (CMC) The BSE sensex slipped further and was trading 94 points down on Friday morning on fresh selling pressure from investors on profit booking, mainly in FMCG, health care and oil sectors amid weak equities in Asia. 

The BSE-30 index, sensex, resumed lower at 18,715.35 and dropped further 18,651.09 before quoting at 18,664.73 at 10.30am, showing a net fall of 93.90 points or 0.50 per cent from its last close. 

The NSE 50-share Nifty also declined by 25.80 points or 0.45 per cent to 5,679.50. 

Brokers said that apart from profit-booking by investors after yesterday's gains, a weak trend in the Asian region ahead of US economic growth figures, to be released later in the day, aided the decline. 

Major losers were ITC (1.51 per cent), Jindal Steel (1.24 pc), Dr Reddy (1.21 pc), Reliance (1.15 pc) and Bharti Airtel (1.06 pc). 

Marketmen said Asian stocks were down with technology firms taking a hit after Apple released weaker-than-expected results overnight. Besides, corporate quarterly earnings in Asia also weighed down the markets there. 

Key indices in China, Hong Kong, Japan, Taiwan and South Korea fell by up to 1.66 per cent, while stock markets in Singapore were closed for a holiday.

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