Mumbai: The stock market snapped its four-session winning-streak today as the BSE benchmark Sensex ended in the negative zone with marginal fall of over 22 points as funds and retail investors preferred to book profits at higher level.
The Sensex, which gained nearly 78 points in early trade, succumbed to profit-selling at prevailing levels and fell back to close at 22.10 points, or 0.17% down at 13,285.93. The key index touched the day’s low of 13,196.90 points.
Similarly, the second wide-based National Stock Exchange index, Nifty, finished down by 14.85 points, or 0.39% at 3,861.05, after moving between 3,901.75 and 3,850.80.
Stocks of telecom companies witnessed heavy trading activity mostly on the back of government’s decision to hike FDI in the fast-growing telecom sector to 74% from 49%.
However, heavy-weight stocks, led by banking and IT sectors in two-way movements, ended in negative zone, pulling the Sensex down.