The Bombay Stock Exchange benchmark Sensex fell by over 98 points, or 0.60 per cent, in the opening trade on Wednesday, snapping the two-session winning streak as investors sold stocks to realise profits at existing levels amid a weak global trend.
The Bombay Stock Exchange benchmark Sensex fell by over 98 points, or 0.60 per cent, in the opening trade on Wednesday, snapping the two-session winning streak as investors sold stocks to realise profits at existing levels amid a weak global trend.
The 30-share index, which had gained nearly 95 points in the past two sessions, was quoted at 16,187.44 points, a loss of 98.88 points, or 0.60 per cent over the previous close. The wide-based National Stock Exchange index Nifty dipped by 35.40 points, or 0.72 per cent to 4,834.65 points.
Marketmen said sentiments were mainly dampened by weak trends on the global markets after a fall in the US consumer confidence and the German business confidence. They said a cautious approach adopted by major players ahead of the general budget also impacted trading sentiments.
Stocks of the country's largest carmaker, Maruti Suzuki remained under selling pressure for the second straight day and fell further by 2 per cent to Rs 1,310 after the company said it was recalling about one lakh units of its flagship export model 'A-Star' to replace a faulty fuel pump part.
Among the losers were DLF Ltd, which fell by 1.16 per cent at Rs 286.90, Hero Honda by 1.39 per cent at Rs 1,668, ICICI Bank by 0.15 per cent at Rs 844.05, Sterlite Industries by 0.43 per cent to Rs 755.50 and Tata Steel by 1.35 per cent to Rs 568.60.
Reliance Industries gained 0.32 per cent at Rs 978, while Infosys Technologies was up by 0.10 per cent at Rs 2579.80.
The Dow Jones Industrial Average ended 0.97 per cent down on Tuesday.
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