The Bombay Stock Exchange benchmark Sensex today lost 50 points with institutional investors resorting to profit-selling in blue-chip stocks, particularly Reliance Industries, amid weak global trend.
The 30-share Sensex, which had touched the six-week high level in the previous session, fell by 50.06 points to close at 17,052.54 points.
The wide-based National Stock Exchange index Nifty also fell by 22.50 points to 5,101.50 points.
Marketmen said profit-booking in heavyweight stocks, mainly Reliance Industries (RIL), and weak global cues influenced the trading sentiment.
RIL, the heaviest on the index, fell by 1.49% to Rs990.20.
Tata Motors declined 3.24% to Rs770.90, following reports that Daimler sold its 5.3% stake for around Rs1,800 crore.
A rise in IT, teck and consumer durable sector stocks saved the market from any major fall, dealers said.
Among 30-BSE index counters, 19 stocks fell while 11 closed with gains.
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