Sensex drops by 60 points in early trade on profit booking; Nifty slips below 13,100
Equity benchmark Sensex dropped by 60 points in opening trade on Wednesday due to selling in financial, IT and energy stocks as investors booked profit after sharp gains in the previous session. The 30-share BSE index opened lower by 60.37 points or 0.14 per cent at 44,595.07.
The broader NSE Nifty was down by 15.30 points or 0.12 per cent at 13,093.75 in opening trade.
Tech Mahindra was the biggest loser among 30 Sensex stocks, dropping by 0.74 per cent.
Among other IT stocks, TCS and Infosys declined up to 0.46 per cent.
HDFC twins dropped up to 0.64 per cent in opening trade, dragging the index down. Index major Reliance Industries fell 0.21 per cent.
