Action was muted for equities on Dalal Street on Wednesday afternoon after a sluggish start. Uncertain of what course the market is likely to take, investors were seen churning portfolios and booking profits in stocks that witnessed a good run-up in April.
Rising crude oil prices and dwindling FII fund flows so far this month were chiefly responsible for dampening sentiment on Wednesday, analysts said. Global cues provided little support, they added.
At 1:30 pm, the Sensex was down 134 points or 0.77 per cent at 17,239.42, making a low of 17,239.17. The high was 17,413.81.
BHEL (down 3.34%), Larsen & Toubro (2.91%), DLF (2.69%), Bharti Airtel (2.6%) and Ranbaxy Laboratories (1.88%) lead the decline.
Tata Consultancy Services (up 3.01%), Tata Steel (2%), Infosys Technologies (1.3%), ITC (2.6%) and Wipro (0.49%) were the major gainers.
The Nifty was down 37 points or 0.72 per cent at 5107.45. The index touched a low of 5101.25 and high of 5159.05.
Courtesy: www.economictimes.com
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