Sensex opens 60 points lower in opening trade
The Bombay Stock Exchange benchmark Sensex on Thursday opened 60 points lower as investors sold stocks following weak Asian markets.
The 30-share index moved down by 60.38 points, or 0.33 per cent, to 17,916.85 points.
The wide-based National Stock Exchange index Nifty fell by 25.40 points, or 0.47 per cent, to 5,373.95 points.
Brokers said investors sold stocks to book profits after recent gains. Weak trend in the Asian markets following Wednesday's weakness on the US market also dampened the trading sentiment, they added.
Stocks of Infosys Technologies traded 0.49 per cent lower at Rs 2,751.90, while Tata Consultancy Services fell by 0.59 per cent to Rs 835.15.
Among other losers, Reliance Industries was down by 0.33 per cent to Rs 1,054.75, ONGC by 0.54 per cent to Rs 1,262.40, ICICI Bank by 0.78 per cent to Rs 895.75, State Bank of India by 0.57 per cent to Rs 2,423.25, Sterlite Industries by 0.32 per cent to Rs 172.75, Tata Steel by 0.53 per cent to Rs 527.15 and Bharti Airtel by 0.32 per cent to Rs 294.05.
The Hong Kong's Hang Seng index was down 0.14 per cent, while the Japanese fell 0.70 per cent in the morning trade on Thursday. The US Dow Jones Industrial Average ended 1.07 per cent down in Wednesday's trade.