×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Shares fall 0.61% as investors lock in gains

Shares fall 0.61% as investors lock in gains
Comment E-mail Print Share
First Published: Wed, Jul 25 2007. 04 10 PM IST
Updated: Wed, Jul 25 2007. 04 10 PM IST
Mumbai: Share prices fell 0.61% in volatile trade on Wednesday, snapping a four-day record breaking run on weak global trends as investors locked in profits, dealers said.
They said investors preferred to sell equities ahead of the expiry of the monthly futures contract on Thursday and after heavy losses overnight on Wall Street .
The Mumbai benchmark 30-share Sensex index fell 95.59 points to 15,699.33.
“Investors booked profits, keeping in mind the derivatives’ expiry. The market will continue to remain volatile in coming days,” said Hiten Mehta, fund manager at Fortune Financial Services.
Earlier in mid-day trade, the Bombay Stock Exchange benchmark Sensex lost over 200 points at mid-session on Wednesday following widespread losses in blue chip stocks, led by capital goods, realty and metal sectors, besides weak global markets.
The BSE 30-share index, which reached an all-time intra-session high of 15,868.85 points on Tuesday, attracted profit selling and was down by 201.15 points at 15,593.77 points at 1330 hrs.
Similarly, the second wide-based National Stock Exchange index plunged 64.95 points, or 1.3% at 4,555.80. It had touched an intra-session record high of 4,647.95 points on Thursday.
Stock observers said apart from weakening global stock markets, squaring-up of positions by operators ahead of tomorrow’s expiry of July contracts in the derivatives segment also pulled stock prices down.
Most of the sectoral indices were in the negative zone with sizable losses.
Comment E-mail Print Share
First Published: Wed, Jul 25 2007. 04 10 PM IST
More Topics: Sensex | Nifty | FIIs | Money Matters | Equities |