Sensex succumbs to profit-booking, tanks 383 points

October 17, 2018 16:08

Surrendering early gains completely, the benchmark Sensex Wednesday fell 383 points to end below the 35,000-mark in highly volatile trade, breaking three sessions of gains as investors booked profits amid caution ahead of Reliance Industries' second quarter earnings.

The flagship index swung nearly 880 points both ways on alternate bouts of buying and selling during the session. Sentiments also hurt by liquidity concerns that dragged down non-banking financial stocks.

Overall sentiment was cautious as investors were on a wait-and-watch mode ahead of financial results from Reliance Industries, to be released later in the day, brokers said.

After a gap up opening at 35,543.38 points, the Sensex advanced to hit a high of 35,605.43 points in early trade on the back of better-than-expected Q2 earnings posted by tech major Infosys on Tuesday.

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