Weak Asian cues, profit taking pull down Sensex

Mumbai, Sep 23 (PTI) Snapping a five-day rally, the
Bombay Stock Exchange benchmark Sensex Wednesday fell by over
160 points on profit taking amid weak Asian cues.

The bellwether index settled the day lower by 166.93
points from yesterday's close at 16,719.50 as investors booked
profits judging the five-day winning was overdone.

Before falling, the Sensex had notched up 672 points in
the previous five trading sessions.

Wider National Stock Exchange index Nifty closed down by
50.25 points at 4,969.95. Nifty had settled above the
psychological 5,000-mark Tuesday.

Marketmen said investors were seen squaring up their
pending positions ahead of the monthly expiry in the
derivatives segment

They said a weakening trend in Asian region further
added to the selling pressure.

Japan's Nikkie lost 0.70 per cent, China's Shanghai index
1.89 per cent and Hong Kong's Hengsang fell by 0.49 per cent.

Among Sensex stocks, Jaiprakash Associates lost 6.34 per
cent and Suzlon 6.10 per cent.

Bharti Airtel fell by 3.43 per cent after reports its
deal with South Africa’s MTN Group might face regulatory
hurdles. (MORE) PTI RS
SDE


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