BSE Sensex slips 141 pts from all-time high on profit-booking; Hindalco, Tata Power drop

Jun 10 2014, 11:20 IST
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Investors point to some caution ahead of retail inflation data for May and factory output for April on Thursday. Investors point to some caution ahead of retail inflation data for May and factory output for April on Thursday.
SummaryBSE Sensex index is down 0.4 percent, while the broader NSE Nifty index is 0.5 percent lower.

The market's initial record-setting spree came to a halt, with BSE Sensex losing 140.94 points in late morning trade after most of the key sector stocks witnessed intense profit-booking.

Barring IT, tech and health-care sectors, rest all the counters including realty, metal, power, oil & gas, banking, auto, consumer durables and FMCG saw profit-booking.

The market opened with sharp gain at 25,706.35 and reached an all-time new high of 25,711.11 before succumbing to profit-booking.

This led to a low of 25,347.33 before quoting at 25,439.27 at 1005 hours, losing 140.94 points, or 0.55 per cent.

The NSE Nifty also fell by 46.70 points, or 0.61 per cent, to 7,607.90 at 1005 hours.

Major losers were SSLT (3.79 pct), Hindalco (3.21 pct), Tata Power (2.95 pct), BHEL (2.91 pct), Tata Steel (2.64 pct), ONGC (2.12 pct), NTPC (1.93 pct), GAIL (1.53 pct) and L&T (1.34 pct).

Meanwhile, foreign institutional investors (FIIs) bought shares worth a net Rs 536.68 crore yesterday, as per provisional data from the stock exchanges.

Asian stocks rose after record close of US stocks over economic optimism.

Key benchmark indices in Taiwan, Hong Kong Indonesia, South Korea and China were up 0.29 to 0.78 per cent, while indices in Japan and Singapore fell 0.31 to 0.44 per cent.

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