Sensex dips by 36 points

Sensex dips by 36 points

By agencies   |   Tuesday, 09 May 2006, 07:00 Hrs
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MUMBAI: After opening on a strong footing, the benchmark index fell by over 36 points in first five minutes of trading on the Bombay Stock Exchange on emergence of profit taking at higher levels in blue-chip stocks.

The BSE 30 shares index after opening higher at 12,488.38 points moved up to hit new intra day high of 12,544.61 but fell back to quote 36.44 points down at 12,426.03.

Similarly, the Nifty index on the wide-based National Stock Exchange after rising to 3711.25 points, slipped to quote 14.20 points down at 3678.95.

Other gainers were ACC, ONGC, Grasim Industries, HDFC Bank, L&T and ICICI Bank. However, stocks like Dr Reddy Lab, Infosys Technologies, Wipro, Tata Motors, State Bank of India and Tata Steel weakened, wiping-off gains in the sensex.

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