Sensex, Nifty Slip on Profit Booking

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The Sensex and the Nifty traded lower as as stocks of oil & gas, PSU, metal, healthcare and banking companies dragged the benchmark indices lower after two successive days of gains.

The Sensex was trading lower by 41 points, while the Nifty was down 11 points in trade. 

Sensex, Nifty Slip on Profit Booking
Indices
Sensex26,433.95Sensex Quote84.85 [0.32%]
Nifty8,160.95Nifty Quote32.20 [0.40%]

Brokers said emergence of profit-booking after recent gains and reports that foreign funds have been net sellers on the bourses mainly dampened the sentiments, reports PTI.

Among the few Nifty stocks that gained in trade were Hero Motocop, Vedanta Limited, UltraTech Cement Limited and Tata Power.

L&T was seen trading higher on government decision to spend more on the road and infrastructure development.

HDFC, NMDC, ONGC, Lupin were amount the top losers, trading in the range of 1.60 -1.14 percentage.

The US Dow Jones rose 0.14 per cent to close at record high in yesterday's trade.

Asian bourses, Hong Kong Hang Seng was up by 0.48 per cent, while Japan's Nikkei gained 0.68 per cent in early trade today tracking overnight gains in the US.

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