Sensex down 135 pts

MUMBAI: After a 17.5% post-election rally earlier this week, the Sensex plunged into negative zone on Thursday. This was a result of profits taking of investors. In early trade, the Bombay Stock Exchange benchmark Sensex was slipped by 135 points at 13, 926.The market breadth is extremely positive. Out of 2,307 stocks traded, 1,960 have advanced while only 308 have declined.

Among it, Maruti Suzuki has dipped 6% to Rs 978. Larsen & Toubro has shed 5% at Rs 1,293. Mahindra & Mahindra and ICICI Bank have decreased 3.5% each to Rs 653 and Rs 683, respectively. SBI, HDFC, ACC, Wipro, Sun Pharma, ITC, BHEL and HDFC bank have dipped 1-3% each. Meanwhile, Reliance Communications has gained 3.5% at Rs 319. Jaiprakash Associates and Sterlite have advanced 2% each to Rs 177 and Rs 556, respectively. Ranbaxy, Tata Steel and NTPC have added 1.55 each. ONGC, Tata Motors and Tata Power have surged marginally.