Profit booking drives Sensex 259 points down; HDFC, RIL slip

April 05, 2022 16:19

A day after witnessing a sharp rally, the Indian equities markets' key indices, Sensex and Nifty, declined on Tuesday due to profit booking in HDFC and HDFC Bank that had surged by nearly 10 per cent on Monday after the announcement of a merger deal.

The 30 stock S&P BSE Sensex was trading 259.12 points or 0.43 per cent down at 60,352.62 points against its previous day's close at 60,611.74 points. Earlier, the Sensex started the day on a positive note at 60,786.07 points.

However, it slipped into red soon after opening of the trade due to profit booking in the stocks that had led the rally on Monday. The Sensex slipped to a low of 60,227.36 points in the morning trade. The Sensex had gained 1335.05 points or 2.25 per cent on Monday after HDFC and HDFC Bank announced a surprise merger deal. -- ANI

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