Sensex slips 180 points amid profit booking as oil recovers
28 Nov 2013 4:39 AM IST
The absence of fresh triggers and cautious sentiment before the expiry of monthly derivative contracts on Thursday and the release of GDP data on Friday also weighed on sentiment, traders said.
ICICI Bank, ITC, HDFC and Reliance Industries dragged the Sensex lower. Bharti Airtel and Coal India were among the biggest losers on the index.
The 30-share S&P BSE Sensex resumed steady at 20,604.27 and then declined to 20,390.62. It ended at 20,425.02, down 180.06 points or 0.87 per cent.
The CNX Nifty on the National Stock Exchange fell 56.25 points, or 0.92 per cent, to end at 6,059.10. ‘Profit booking at higher levels and rollover of positions ahead of F&O expiry this week are likely reasons for today’s (Tuesday) sell-off,’ said Nidhi Saraswat, senior research analyst at Bonanza Portfolio Ltd.
The market may remain volatile as traders roll over positions in the futures & options segment from the November 2013 series to the December 2013 series.
ICICI Bank, ITC, HDFC and Reliance Industries dragged the Sensex lower. Bharti Airtel and Coal India were among the biggest losers on the index.
The 30-share S&P BSE Sensex resumed steady at 20,604.27 and then declined to 20,390.62. It ended at 20,425.02, down 180.06 points or 0.87 per cent.
The CNX Nifty on the National Stock Exchange fell 56.25 points, or 0.92 per cent, to end at 6,059.10. ‘Profit booking at higher levels and rollover of positions ahead of F&O expiry this week are likely reasons for today’s (Tuesday) sell-off,’ said Nidhi Saraswat, senior research analyst at Bonanza Portfolio Ltd.
The market may remain volatile as traders roll over positions in the futures & options segment from the November 2013 series to the December 2013 series.
Next Story
