Mumbai: The stock markets again showed signs of consolidation above the 15,000 level with range-bound trade at midsession on Monday amid mixed Asian cues and profit-booking by institutional investors at existing higher levels.
The Bombay Stock Exchange 30-share barometer tumbled 237.85 points at 14,865.70 at 1:30pm, after touching the day’s low of 14,761.90.
The Sensex had risen 97 points in morning trade.
The National Stock Exchange’s 50-share Nifty lost 92.80 points at 4,494.10, with heavy-weight stocks losing ground.
The fall in the market was led by realty, metal and banking stocks.
While the market kept going downhill, only information technology stocks were in positive mode following a firming dollar, raising hopes of a better revenue.
More than 50% of the country’s software export revenue comes from the US markets.