Tuesday, November 29 2005 10:55 Hrs (IST) - World Time -

Mumbai: The Sensex today (Nov 29, 2005) opened with the overnight strength at a new high of 9065, but soon met with heavy selling and declined sharply by 90 points during early trading on the Bombay Stock Exchange (BSE) on fresh bouts of profit-selling at higher levels.

The BSE 30-share sensitive index opened the day sharply higher at 9065 as against yesterday's close of 8994.94, but soon nose-dived to a low of 8904.50 and was quoted at 8904.87, at 10.30 a.m., showing a steep fall of 90.07 points over yesterday's close.

Barring select pharma shares, most of the index-based scripted met with heavy selling and remained weak during the early trading.

The weak spots were RIL, Infosystch, Satyam, Tata Motors, Tata Steel, Grasim, BHEL, ICICI Bank, HLL, HDFC, HDFC Bank, TCS, Wipro, REL, ONGC, Maurti, ITC, L&T, Hero Honda, ACC, Bharti, GACL and Tata Power.

However, index-based pharma shares like Ranbaxy, Cipla and Dr Reddy were firm.