Home > World News > Sensex down 80 points in early trade on profit-booking

Sensex down 80 points in early trade on profit-booking

The BSE benchmark Sensex declined by nearly 80 points in early trade on Monday as funds and retail investors booked profits, a day of ahead of RBI monetary policy review.

The 30-share BSE index, which had gained over 287 points in the previous two sessions, declined by 79.69 points, or 0.47 per cent, to 16,659.32.

In a similar fashion, the wide-based National Stock Exchange Nifty index shed 27.25 points, or 0.53 per cent, to 5,021.35.

Brokers said investors were cautious ahead of tomorrow’s monetary credit policy and booked profits after recent gains.

Besides, 13.6 per cent dip in third quarter earnings announced late last week by Reliance Industries Ltd (RIL), which has the heaviest weight on the BSE 30-scrip Sensex, also had some impact on the market, they said.

Stocks of Reliance Industries fell by 3.39 per cent to Rs 766.45. Meanwhile, in the Asia region, Japan’s Nikkei Index down by 0.14 per cent in early trade on Monday.

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  1. top99news
    January 23, 2012 at 3:17 pm

    it always goes up and down…
    Nice blog and very good article….

    Please do visit for today’s new headlines http://top99news.com

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