Sensex falls 150 points in morning trade to 11,765
Mumbai, Apr 25: The benchmark index of the Bombay Stock Exchange (BSE) opened firm at 11,943 with a gap of 27 points but soon slipped into the red due to negative sentiment after a long bull run.
The National Stock Exchange (NSE) S&P CNX Nifty index was down by 44 points to 3,504 points.
Crude oil prices at USD 73.18 per barrel were one of the main worries for the market affecting the margins in the manufacturing sectors.
The 30 share Sensitive Index (Sensex) traded at 11,777 points with a loss of 138 points at 1136 hrs.
Earlier the Sensex dipped as low as 11,765.07 with a loss of 150 points from the last close of 11,915 points.
The pressure on the markets was from almost all sectors led by the BSE Metal index trailing by 2.38 per cent and BSE Auto index also down by 1.50 per cent, all other sectoral indices were in the red too.
However, there was buying in the small cap companies as the BSE smallcap index was up by 0.71 per cent.
Top losers on the Sensex were Tata Steel, Hindalco, Grasim Industries, Maruti, Tata Motors, Bajaj Auto, Tata Power, NTPC, ACC, Infosys Technologies.
The top gainers were Satyam Computers, HDFC Bank, Cipla, SBI, BHEL and ICICI Bank.
Brokers however felt that the bull run was still on and this was only a temporary correction in the market.