Sensex down 193 pts on profit-booking
Stocks open report: The BSE benchmark Sensex fell by 193 points in early trade today as investors booked profits after Wednesday's rally amid worries over slowing domestic growth.
The 30-share Sensex, which closed up 510.13 points in the previous session, fell by 193.41 points, or 1.23 per cent, to 15,495.80.
The wide-based National Stock Exchange Nifty Index shed 59.15 points, or 1.26 per cent, to 4,634.00.
Brokers said apart from profit-booking by participants, a weakening trend on other Asian bourses also dampened the trading sentiments here, giving fuel to the selling pressure.
IT, metals, auto, capital goods, realty and banking stocks, which recorded significant gains in yesterday's trade, succumbed to profit-bookming,dragging down the Sensex.
Meanwhile, in the Asia region, Hong Kong's Hang Seng Index was down by 0.68 per cent and Japan's Nikkei shed 0.62 per cent in morning trade today.
PREOPEN: Sensex seen lower, techs eyed after Oracle
Indian shares are set to start lower on Thursday after gaining 3.4 per cent in the previous session, as concerns of slowing domestic growth and government policy inaction continue to haunt investors.
Mostly subdued other Asian markets will also add to the downward pressure, traders said.
Software exporters such as Tata Consultancy Services, Infosys Ltd and Wipro could fall after dismal results from Oracle Corp, the world's No.3 software maker, stoke renewed fears of a slowdown in global technology spending.
Infosys' Nasdaq-listed shares fell 4.1 per cent on Wednesday, while Wipro eased 0.5 per cent after Oracle's first earnings miss in a decade.
Asian shares eased on Thursday as doubts remained over
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