Sensex ends 35 pts down, profit-taking wipes-off early gains

Sensex ends 35 pts down, profit-taking wipes-off early gains
PTI
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First Published: Tue, Jul 10 2007. 04 56 PM IST
Updated: Tue, Jul 10 2007. 04 56 PM IST
Mumbai: The benchmark Sensex ended more than 35 points down today as profit-taking by funds and retail investors at higher levels wiped-off early gains completely.
The Sensex, which climbed to hit yet another intra-session high of 15,114.95 points in early trading, succumbed to profit-taking at higher levels and ended in negative zone with a fall of 35.85 points, or by 0.24% at 15,009.88.
Similarly, the National Stock Exchange index Nifty was down by 13.35 points at 4,406.05 after rising to 4,434.45, an intra-day high.
Stock brokers said ahead of the announcement of the first quarter earnings by IT bellwether Infosys Technologies, major players preferred to reduce their positions, reversing initial firming trends.
The major losers were stocks of capital goods, banking, oil and gas and consumer durable sectors.
Tata Motors and Bajaj Auto traded in the green. Infosys scored handsome gains on the hope that its results would not be as bad as previously expected. TCS, Tech Mahindra and Satyam also scored moderate gains.
HDFC Bank, which announced its quarterly results today, also traded in the red.
Meanwhile, stocks of Ankit Metal and Power were listed at Rs36.65 against the offered price of Rs36.
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First Published: Tue, Jul 10 2007. 04 56 PM IST
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