Sensex gives up gains as state-run firms slump on profit-taking
BSE Sensex fell by 0.7 per cent and Nifty is down by 1 per cent
Mumbai: The BSE Sensex and Nifty fell, giving up earlier gains of nearly 2 per cent due to profit-taking in shares of state-run companies such as Bank of Baroda while caution ahead of Narendra Modi's ministerial appointments also weighed.
Bank of Baroda shares slumped 8 percent, Bharat Heavy Electricals fell 6 per cent while NTPC fell 5.5 per cent. The BSE Sensex fell 0.7 percent after earlier rising 1.95 percent while the broader Nifty fell 1 per cent after earlier gaining 1.9 per cent.
( Source : reuters )
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