News Business Sensex dips below 20,000-mark, down over 120 points on profit-booking

Sensex dips below 20,000-mark, down over 120 points on profit-booking

Mumbai, Jan 22: Snapping a three-day upsurge, the BSE benchmark Sensex on Tuesday fell by 120.25 points to close below the 20,000-mark on market participants booking profits at higher levels, amid a mixed overseas trend.The

sensex dips below 20 000 mark down over 120 points on profit booking sensex dips below 20 000 mark down over 120 points on profit booking
Mumbai, Jan 22: Snapping a three-day upsurge, the BSE benchmark Sensex on Tuesday fell by 120.25 points to close below the 20,000-mark on market participants booking profits at higher levels, amid a mixed overseas trend.



The Sensex, which had gained 284 points in last three trading sessions, commenced the day higher at 20,156.86 before ending with a loss of 120.25 points, or 0.60 per cent at 19,981.57. GAIL, Hindustan Unilever (HUL), Hindalco, SBI and TCS were among major losers in the Sensex pack.

On similar lines, the broad-based National Stock Exchange index Nifty crossed 6,100 mark level for the first time in two yars before slipping to close 33.80 points lower at 6,048.50.

Selling pressure developed as investors booked profits from the recent upsurge in stocks of auto, power and banking and oil and gas sectors, said brokers.

FMCG major Hindustan Unilever Ltd today reported a 15.59 per cent jump in net profit to Rs 871.36 crore for the third quarter ended December 31, 2012. However, its shares slipped nearly 2.9 per cent.

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