Sensex Down 80 Points in Early Trade on Profit-Booking

Monday, 23 January 2012, 22:19 IST
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Mumbai: The BSE benchmark sensex declined by nearly 80 points in early trade 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%, to 16,659.32.

In a similar fashion, the wide-based National Stock Exchange Nifty index shed 27.25 points, or 0.53%, 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% 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% to Rs 766.45.

Meanwhile, in the Asia region, Japan's Nikkei Index down by 0.14% in early trade.

 


Source: PTI