MUMBAI: The Bombay Stock Exchange Sensex surrendered early gains to trade lower by 97 points in late morning trade on Monday after investors sold capital goods stocks to book profit.
The 30-share index, which had opened higher by 31 points, fell by 97.43 points, or 0.52 per cent, to 16,622.40 points.
The wide-based National Stock Exchange index Nifty fell by 29.60 points, or 0.40 per cent, to 4,958.10 points. It had touched a high of 4,997.85 points in opening trade.
Brokers said profit-taking at higher levels as market participants turned cautious in view of approaching year-end mainly reversed an early firm trend.
State-run BHEL fell by 1.31 per cent to Rs 2,289.15, while engineering major Larsen & Toubro dropped 1.03 per cent to Rs 1,631.70.
Asian stocks were mixed in early trade. The benchmarck indices in Japan, South Korea and Taiwan rose between 0.17 per cent and 0.90 per cent while indices in China, Hong Kong and Singapore fell between 0.06 per cent and 1.16 per cent.
The 30-share index, which had opened higher by 31 points, fell by 97.43 points, or 0.52 per cent, to 16,622.40 points.
The wide-based National Stock Exchange index Nifty fell by 29.60 points, or 0.40 per cent, to 4,958.10 points. It had touched a high of 4,997.85 points in opening trade.
Brokers said profit-taking at higher levels as market participants turned cautious in view of approaching year-end mainly reversed an early firm trend.
State-run BHEL fell by 1.31 per cent to Rs 2,289.15, while engineering major Larsen & Toubro dropped 1.03 per cent to Rs 1,631.70.
Asian stocks were mixed in early trade. The benchmarck indices in Japan, South Korea and Taiwan rose between 0.17 per cent and 0.90 per cent while indices in China, Hong Kong and Singapore fell between 0.06 per cent and 1.16 per cent.
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