Sensex falls in early trade

MUMBAI: The Bombay Stock Exchange benchmark Sensex dipped 90 points in opening trade on Wednesday due to profit-selling by funds amid political worries.

The 30-share barometer, which had gained 1,125 points in the last three sessions, down by 90.45 points to 12,040.63 points in the first five minutes of trade. Similarly, the wide-based National Stock Exchange index Nifty fell by 24.30 points to 3,627.60 points. Brokerage firm Nirmal Bang attributed that the outlook still remains bullish and one should think of buying on dips.

Now, the trading band has become narrow for the Nifty from 3715-3520 and a strong and major reaction will be seen only if Nifty breaks this trading range. The immediate resistance is at 3715 and intra-day support is placed at 3620-3580. This intermediate.