BackMarket chat: Sensex slips due to heavy profit booking in key stocks
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The benchmark BSE Sensex slipped by 80.49 points in late morning trade on bouts of heavy profit booking in key stocks of banking, telecom, utilities, IT, power and industrial sectors.
Earlier, the market opened positive on good bouts of value buying amid mixed Asian cues and overnight encouragement from global rating agency Moody’s that said investment levels in India are showing early signs of recovery, driven by an upturn in capital expenditure and increased public spending.
The 30-share Sensex resumed higher at 26,239.39 and hovered between a high of 26,256.42 and a low of 26,044.26. The gauge was trading at 26,093.71, down 75.70 points, or 0.29%.
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