Sensex retreats from record level, plunges by 207 pts
The BSE benchmark fell by over 200
points, pulling back from its record highs, on heavy profit
booking in banking, FMCG, oil and gas, pharma and capital
goods stocks after a recent rally.
Offloading of positions by participants with today being
the last trading session of October series contracts in the
derivatives segment pulled the index back from record levels,
a broker said.
The 30-share index opened gap down at 33,025.17 against
yesterday's record close of 33,042.50 and quickly raced to a
high of 33,074.91.
However, the index retreated on emergence of profit
booking in recent gainers to touch a low of 32,835.06, down by
207.44 points or 0.62 per cent.
The gauge had gained 659.57 in the previous three
Sectoral indices led by consumer durables, power, FMCG,
infrastructure and auto stocks were trading in the red,
falling up to 0.43 per cent.
The NSE Nifty fell by 21.40 points, or 0.20 per cent, to
Major losers were HDFC ltd, Asian Paints, HDFC Bank, Hind
Unilever and Kotak Bank with losses of up to 1.66 per cent.
State-run lenders continued their upward trend as PNB,
SBI and Bank of Baroda rose up to 9.68 per cent.
Asian markets were mixed with Hong Kong's Hang Seng
dropping 0.15 per cent while Japan's Nikkei moving up by 0.16
per cent in early trade. The Shanghai Composite Index too
inched up by 0.18 per cent.
The US Dow Jones Industrial Average ended 0.48 per cent
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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