June 8, 2012 1:01 PM

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Sensex continues downward trend; at 16,553pts in noon trade

Maintaining the downward trend, the Sensex at the Bombay Stock Exchange was trading 92 points in the negative territory at 16,558 in afternoon trade, when reports last came in. Snapping a four-day rising streak, the 30-share index today opened 95 points in the red at 16,553. The downfall comes after funds and retail investors booked profits at prevailing levels, amid a weak trend in other Asian markets.In a similar fashion, the wide-based National Stock Exchange index Nifty was trading 31 points in the red at 5,019.

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