Sensex slides 101 points over profit taking

Sensex slides 101 points over profit taking

Key benchmark indices on Tuesday edged lower as world stocks fell after Federal Reserve Bank of Atlanta President Dennis Lockhart on Monday, the US economy is on solid footing and he would support continued cuts to stimulus.

 

Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets in recent years. India has been one of the biggest beneficiaries of foreign capital flows. 

The Sensex at BSE shed 101.33 points or 0.48 per cent to close at 21,032.88; the CNX Nifty at NSE lost 30.90 points or 0.49 per cent and settled at 6,241.85. 

On the day's trade, metal shares witnessed selling pressure. Realty stocks also edged lower. Individual stock-wise, Infosys edged higher in choppy trade and hit a record high. Tech Mahindra scaled a 52-week high. Tata Motors dropped after the company on Monday, 13 January 2014, announced the launch of the new Nano Twist, a new addition to the Nano range.

From broader markets, the BSE Mid-Cap index fell 0.32 per cent to 6569.89 and the BSE Small-Cap index fell 0.20 per cent to 6581.22 points. Both these indices outperformed the Sensex.

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