Sensex down 154 points on profit-booking

Mumbai, Nov 12 (PTI) In volatile trading, the Bombay
Stock Exchange benchmark Sensex Thursday fell by over 153
points on profit-selling sparked by rising food inflation amid
weak global trends.

The Sensex fell by 153.57 points to close the day at
16,696.03. Brokers said profit-booking in fundamentally strong
stocks in realty, metal and banking shares pulled down the
barometer.
Markets had gained 409 points in the previous session.
The key index swung between a high of 16,896.62 and low
of 16,605.01 points. As many as 11 stocks advanced, while 19
recorded small to notable losses.
National Stock Exchange index Nifty also declined by
51.30 to 4,952.65.
Market sentiment turned bearish after reports of a
further rise in food inflation. Investors, however, ignored an
impressive IIP data, brokers said.
They said a weak opening in Europe and a falling trend
in Asian markets further dampened the sentiment.
Sensex heaviest RIL fell 0.37 per cent to Rs 2,100.20.
It blue-chip Infosys, however, rose by 0.61 per cent to Rs
2,322.70.
The realty sector suffered the most at 3.05 per cent at
3,937.46, followed by metal index at 2.63 per cent. Banking
index also dropped 2.53 per cent. PTI RS