Sensex tumbles after rising 163 pts

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Panel reviews market to deal with global turmoilPreview: BSE to smile on global cuesEPFO should invest in market: ChidambaramSensex tumbles after rising 163 pts

Indian shares turned negative on Friday, with the fall led by technology stocks after Wipro and Satyam Computer Services remained cautious about prospects in the near term.

At 10:45 a.m (0515 GMT), the main BSE share index was up 0.3 perc ent at 13,153.44 after falling as much as 0.14 per cent on the day. The index had earlier risen as much as 1.2 percent. The 50-issue NSE index was 0.04 perc ent lower at 3,945.65.

Earlier, the Sensex rose by 163 points in early trade on the back of buying by funds in heavy-weight stocks, triggered by firm global markets.

The BSE-30 share index, Sensex, which had gained 536.05 on Thursday, gathered another 162.87 points to 13,274.72. Similarly, the wide-based National Stock Exchange's Nifty gained 43.80 points to 3,991.00.

Stock brokers said a marginal rise in the inflation, which inched up to 11.91 per cent for the week ended July 5, from 11.89 per cent in the previous week, failed to give any impact on the trading sentiments.

They said firm trends in global markets after crude oil prices declined further influenced the sentiments here. The Hong Kong's Hang Seng index opened up 0.7 per cent.