Sensex down 50 points in the intra-noon trade

Mumbai, Oct 17: The Bombay Stock Exchange Sensitve (BSE) Index (Sensex) is currently trading at 48.95 points down at 12,879 and needs few more shocks in quarterly results to raise the standard beyond 13k mark.

Emergence of profit booking at this level was not ruled out.

This according to experts is a norm and would continue. The next level for investors to book profit would be 13,400 mark and is expected that level would be breached by the end of this month as the results season would come to an end.

Major sectoral indices down in the red are Auto down by 0.30 per cent, Banks down by 0.32 per cent, FMCG down by 1.05 per cent, IT down by 0.21 per cent and Teck by 0.19 per cent. The gainers on BSE-30 index are Satyam Computers, BHEL, Tata Steel, Hero Honda, SBI, Bajaj Auto, Hindalco, Maruti Udyog, ICICI and Reliance Industries, all up between 0.38 to 3.16 per cent.

Besides, the losers are HDFC bank, HLL, NTPC, Grasim industries, HDFC, Infosys, L&T, Gujarat Ambuja, Dr Reddy's Lab and Ranbaxy, all down between 0.67 to 2.73 per cent.

UNI

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