Tuesday, May 9 2006 13:03 Hrs (IST) - World Time -

Mumbai: The benchmark Sensex dropped from record high levels, losing over 106 points, on the Bombay Stock Exchange in first 90-minute of trading on emergence of selling by funds in heavyweight stocks.

The Sensex, which commenced higher by 82 points, rolled down on profit booking at existing higher levels in blue-chip stocks like Reliance Ind., Infosys, Dr Reddy's Lab, BHEL, Tata Motor, Maruti and Bharti Tele.

However, the market received little support on two-wheeler major Bajaj Auto remaining higher by Rs 52.80 at Rs 3180 on interested buying support.

Cement stocks such as Grasim Industries and GujaratAmbuja Cement also supported the Sensex by remaining in positive zone.

Rival bourse National Stock Exchange index nifty was also down by 36.50 points at 3656.65. Though, the nifty was higher at 3711.25 at opening.