Sensex dips sharply by 365.67 pts to 11,564.99 in afternoon
Mumbai, Apr 7 (UNI) In one of the sharpest intra-day fall the Bombay Stock Exchange(BSE) sensitive index(Sensex) fell 365.67 points to 11,564.99 points after rising very close to 12,000 mark at 11,930.
''Profit booking should be there and market should go down by at least 1,000 points,'' said a trader and investor.
The current bull run has been mind blowing and today the key index opened 100 points up and rose further by 185 points in the morning which later resulted in profit booking.
''The Sensex was rising in a low volume trade just becuase there were more buyers and fewer sellers,'' a leading analyst said.
In the moring the benchmark index of the Bombay Stock Exchange(BSE) today opened up by 100 points at 11,845.13 and later touched a new all-time high of 11,930.66 points with a gain of 185 points.
Sensex had closed at 11,746.90 points on Wednesday.
The National Stock Exchange (NSE) S&P CNX Nifty index also dropped sharply to 3,446 points with a sharp fall by 109.25 points after risding to an all time high of 3,555.50 points.
Nifty earlier opened 15 points up at 3,525 points this morning against the last close of 3,510 points.
The BSE sectoral indices that fell sharply this afternoon were Banks, Consumer Durables, FMCG, HC and Automobile.
BSE Metal index managed to remain in the green.
The BSE smallcap index was down by 1.04 per cent and BSE midcap index was down by 1.41 per cent.
The top gainers on the Sensex were ACC, Infosys Technologies, Grasim Industries, Hindalco,Tata Power,BHEL, Tata Steel, Gujarat Ambuja Cements.
Among the top losers on the Sensex were Satyam Computers, HDFC Bank, Ranbaxy, ICICI Bank,Cipla, HDFC, Maruti, Tata Motors, Hero Honda and Wipro.
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