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Erasing the initial gains, the BSE (Bombay Stock Exchange) benchmark index Sensex had decreased by about 80 points to reach 16,760.33 at 10:15 hours today as the funds & retail investors booked profits in the heavy weighted stocks.The Sensex had gained 76.01 points in opening trade but unfortunately it felt down by 80.47 points that is 0.48 percent, and reached 16,760.33 at 10:15 today after the stocks of auto, banking, technology and capital goods companies yielded to profit booking.

In the same way the broad based NSE (National Stock Exchange) Nifty index fell by 39.25 points that is 0.77 per cent, and had reached 5,017.35, after opening in the positive mark.

The Stock brokers said profit booking by the stock market participants among the fears that the RBI (Reserve Bank of India) might be raising the interest rates to check the inflation led to a decline in prices of the stock in late morning trade.

Sensex drops into the negative zone
Originally published on: All India Today

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