Sensex down 125 pts

Mumbai: The Bombay Stock Exchange Sensex was down by over 125 points at 1100 hours on Wednesday, with its initial gains erased on emergence of profit-booking as investors locked in gains at improved levels.

The Sensex, which gained 106 points in opening trade today, slipped by 125.28 points to 19,561.54 at 1100 hrs, as stocks in the banking, auto and IT sectors succumbed to profit-booking.

Similarly, the broad-based National Stock Exchange Nifty index fell by 41.25 points to 5,868.80 after rising to 5,944.45 in opening trade.

Brokers said the emergence of profit-booking by speculators mainly reversed the early upward trend.