Sensex fall by 33 pts in opening session

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Mumbai, Nov 4 (UNI) Snapping an upward march of the last four days, the senstitive index of Bombay Stock Exchange (BSE) today fell by 33 points to open at 10,304.57 points from its previous close of 10,337.68 on profit-booking by Foreign Institutional Investors and others.

However, the Nifty of National Stock Exchange (NSE) showed further improvement by 6.40 points to open at 3,050.25 points from its last finish at 3,043.85 points.

The Sensex declined by 221.46 points to day's low at 10,116.22 in early trade. At present, it is down by 188.79 points at 10,148.91, while the Nifty is also down by 29.45 points at 3,014.40.

Lack of a clear direction from the Asian stocks which were mixed, triggered profit booking on the domestic bourses after a recent steep surge.

Among the top losers were Tata Motors (down by 6.39 pc) at Rs 178.70. It was followed by Sterlite Industries (down by 4.73 pc) at Rs 281.40 and Hindalco Industries (down by 4.02 pc) at Rs 60.90.

Banking stocks fell too ahead of the the meeting of Union Finance Minister P Chidambaram with the chiefs of state-owned banks.

ICICI Bank declined by 0.5 pc, State Bank of India by 0.6 pc and HDFC Bank by 0.93 pc.

Many PSU banks edged lower. Scrips of Punjab National Bank, Bank of India, Bank of Baroda, Union Bank of India, Federal Bank, IDBI Bank, Canara Bank, Indian Overseas Bank, Allahabad Bank, IndusInd Bank fell between 0.51 pc and 3.18 pc.

IT exporter by sales, Satyam Computer Services fell by 3.7 pc.


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