Sensex plunges by 51.46 points today, poor trend on other Asian bourses over US debt worries

MUMBAI: The Bombay Stock Exchange (BSE) benchmark Sensex has depreciated by 51.46 points in the early few minutes of trade as the funds and retail investors had bagged gains in the last session in midst of poor trend on the other Asian stock exchanges over the US debt worries.

In the last session, the 30-share Sensex had gained more than 286 points. Today, it has plunged by 0.27% to 18,670.84 in the early few minutes of trade. Similarly, the wide-based National Stock Exchange Nifty index has gone down 17.25 or 0.30% to 5,616.70 points.

The brokers are of the opinion that the profit-booking by the funds and retail investors witnessed in the last session along with a subdued trend on the other Asian stock markets as compared to the US debt woes had mainly affected the trading sentiment.

Moreover, the fears that the RBI may declare another surge in interest rates at its policy review meeting on July 26 also had a negative effect.