Sensex reverses early gains; ends 10 pts in the red

Sensex reverses early gains; ends 10 pts in the red
PTI
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First Published: Fri, Sep 14 2007. 04 40 PM IST
Updated: Fri, Sep 14 2007. 04 40 PM IST
Mumbai: The Bombay Stock Exchange benchmark Sensex failed to hold on to its early gain on 14 September, ending lower by 10 points on fag-end profit booking by funds.
The BSE 30-share index, which had surged by 210 points during the day, fell back sharply to close with a moderate loss of 10.64 points at 15,603.80 points. During the day, it touched a high of 15,824.65 and low of 15,568.36 points.
Similarly, wide-based National Stock Exchange index’s Nifty fell by 10.95 points at 4,528.95. It surged to 4,582.60 and fell to 4,508.85 points during the day.
A sharp rise in realty, metal and banking stocks helped in averting any major fall in the key index. Realty sector index rose by 124.89 points at 7,972.75, metal index by 55.33 points at 11,979.96 and bank index by 54.17 points at 8,136.11.
However, index of public sector undertakings fell by 96.63 points at 7,300, while auto index dropped by 53.87 points at 4,885.47.
Morning update
Mumbai, 14 Sep: The Sensex rallied sharply by 204 points in morning trade today as investors made all-round purchases encouraged by strong global cues.
The Bombay Stock Exchange (BSE) 30-share sensitive index (Sensex) opened past 15,700 mark and surged to a high of 15,818.91 in the initial 30 minutes of trading, a rise of 204.47 points over yesterday’s close of 15,614.44.
The Sensex was quoted at 15,810.19 at 10.30am.
Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange (NSE) advanced further by 46.45 points or 1.03% to 4,575.40 at 10.30 am from previous close of 4,528.95.
Asian markets saw a sharp rally in the morning session following a buoyant trend on Wall Street yesterday. The Hang Seng, Nikkei, Taiwain Weighted and Singapore Straits Times were quoted up by 1-2%.
Bank, FMCG, metal and realty shares attracted brisk activity as Foreign Institutional Investors (FIIs) continued purchases in these sectors.
Opening
Mumbai,14 Sep: The stock markets extended the upward movement with the Bombay Stock Exchange benchmark Sensex surging 192 points in early trade on sustained buying by funds in heavyweights like Reliance Industries and Infosys.
The BSE 30-share index, which increased 109 points on 14 September, shot up by another 192.22 points to 15,806.66 within a few minutes of resumption of trade.
Similarly, National Stock Exchange’s Nifty rose by 51.35 points to 4580.30.
The market breadth was positive as 491 shares gained, while 40 shares remained in negative zone.
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First Published: Fri, Sep 14 2007. 04 40 PM IST
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