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Sensex sheds 113 points on profit-booking

Led by Hindustan Lever, stocks from commodity and economy counters tumbled on bull unloading at the Bombay Stock Exchange, bringing down the 30-share Sensex by over 112 points today.

Although the Sensex suffered a major setback, select infotech scrips gained further on sustained buying support from market players, dealers said.

Shares that fell sharply were ACC, Bajaj Auto, BHEL, Glaxo, Hindustan Lever, Satyam Computer, VSNL, Nestle, SSI, Infosys Technologies, MTNL, M&M, Ranbaxy, SBI and Tata Chemicals.

The domestic institutional investors and local operators have reportedly pressed sales in various counters while the foreign institutional investors preferred to stay away from the market.

Reflecting the downtrend, the 30-share Sensex opened at 4786.06 points, touched the day's high of 4787.00 points, a low of 4668.54 points before closing at 4690.78 points, showing a net loss of 112.18 points or 2.35 per cent as against the previous close.

The Infosys Technologies scrip, which closed above Rs 10,000 yesterday, also came under pressure and closed below Rs 10,000 level.

At the National Stock Exchange, the benchmark S&P CNX Nifty shed 30 points or 2.10 per cent to 1397. The rupee closed at 43.53 to the US $.

UNI

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