Sensex opens lower by 77 points on profit-booking
Mumbai, Dec 8 (PTI) The BSE Sensex fell over 77 points in opening trade today on continued profit-booking in IT, banking and healthcare stocks despite firm trends at other Asian markets.
The 30-share barometer fell by 77.17 points, or 0.27 per cent, to 28,380.93 points at open. The index had lost 104.72 points in the previous session.
The National Stock Exchange index Nifty moved down by 16.30 points, or 0.19 per cent, to 8,522.00.
Brokers said sustained selling by participants in recent outperformers, mostly of a profit-booking nature, influenced the trading sentiment here.
Stocks of Infosys fell 2.94 per cent following reports that some of its founders were selling shares of the software services exporter. TCS fell by 1.81 per cent.
Mahindra and Mahindra, Dr Reddys, HDFC Bank, Hero MotoCorp and Sesa Sterlite fell up to 1.22 per cent.
Meanwhile in Asia, Hong Kong’s Hang Seng was up 0.46 per cent, while Japan’s Nikkei gained 0.47 per cent in early trade today.