Thursday, September 16, 2010

Sensex snaps 7-day rally; sheds 85 pts

Snapping a seven-day long rally, the Bombay Stock Exchange benchmark Sensex ended lower by 84 points on emergence of profit-booking amid the Reserve Bank increasing key policy rates.

The 30-share Sensex pared 135 points it gained during the day and closed 84.62 points lower at 19,417.49.

The broad-based National Stock Exchange index Nifty fell by 32.25 points at 5,828.70, after touching the day's high of 5,901.65 points. The Nifty crossed 5,900 points for the first time in 32 months.

In 30-BSE index components, 19 stocks fell and 10 gained, while ITC Ltd remained unchanged. Market leaders Reliance Industries and Infosys Technologies registered losses.

Reliance Industries fell by Rs 9.55 to Rs 1,000.90 and second-heaviest Infosys Technologies by Rs 82.35 to Rs 2,967.80. The two carry nearly 23 per cent weight on the Sensex.

http://www.indianexpress.com