Sensex erases early gains, down 150 pts at 1100 hrs

Posted By: Pti
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Mumbai, Feb 15 (PTI) The Bombay Stock Exchange benchmarkSensex was down by nearly 150 points at 1100 hours today, withinitial gains erased by the emergence of heavy profit-bookingin capital goods and realty stocks.

The Sensex, which had surged to 18,278.62 in openingtrade, was down by 149.93 points at 18,052.27 at 1100 hours.

Similarly, the broad-based National Stock Exchange Niftyindex was down by 46.40 points at 5,409.60 at 1100 hours.

Brokers said the emergence of profit-taking after a rallyduring the previous two sessions mainly dragged the Sensexdown.

Stocks of state-run BHEL fell by 2.96 per cent to Rs2,067, while engineering major, Larsen and Toubro was down1.98 per cent at Rs 1,627.90 as participants locked in gainsat prevailing levels.

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