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Sensex down by 135.85 points

Posted on Oct 16, 10:21PM | UNI

The 30 scrip Index of the Bombay Stock Exchange (BSE) today slipped by 135.85 points to end in red at 18,577.70 following profit booking at higher levels by local operators despite positive trend in Asian Markets.

The Nifty of National Stock Exchange (NSE) fell by 39.25 percent points to 5648.00.

The Sensex registered the day's high and low at 18,801.10 and 18,549.28 points respectively The Nifty registered the day's high and low at 5714.00 and 5635.60 points respectively.

With yesterday' gain of 38 points, the Sensex moved up by 46.09 points in the opening trade. It had gone up by 87.55 points to 18,801.10 points, the days high till noon trade.

In late trade, it went in red as it recorded the day's low at 18,549.28 points, before closing at 18,577.70, easing by 135.85 points from its last close.

Barring Consumer Durable and Technology stocks, all other stocks were seen under pressure. Key benchmark indices edged lower in choppy trade on political worries as the Opposition parties stepped up pressure on the government for an independent inquiry into the land deal between Congress chief Sonia Gandhi's son-in-law Robert Vadra and realty major DLF. Realty stock dropped by more than three per cent.

Capital Goods, Power and Metal stocks dropped more than one per cent.

Index heavyweight Reliance Industries (RIL) dropped on weak Q2 results. The scrip lost 1.5 pc to Rs 810.45, which was also the day's low for the counter.

Another index heavyweight and cigarette maker ITC edged lower in volatile trade.

M and M, Tata Motors, Tata Steel, Jindal Steel, BHEL, L and T, SBI and Reliance Industreis dragged the market.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1,725 shares declined and 1,161 shares rose. A total of 115 shares were unchanged.

From the 30-share Sensex pack, 23 stocks fell while the rest of them rose.

Asian shares edged higher today.

Key benchmark indices in China, Hong Kong, Japan, Indonesia, Singapore, South Korea and Taiwan rose between 0.01 pc to 1.44 pc.