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Sensex pares all gains on profit selling, ends in red

Sensex pares all gains on profit selling, ends in red
PTI
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First Published: Mon, Nov 19 2007. 04 26 PM IST
Updated: Mon, Nov 19 2007. 04 26 PM IST
Closing
Mumbai: The Sensex failed to hold on its early gains on 19 November, on profit-booking by funds. It closed at 19,633.36, down 65 points.
The 30-share benchmark index commenced the day on a promising note and touched the intraday high of 19,971.44 and a low of 19,583.97 points.
A steep fall in stocks of Reliance Industries, State Bank of India, HDFC Bank, Infosys Technologies and Bharti Airtel, mainly pulled down the key-index.
However, the wide-based National Stock Exchange index, Nifty, closed higher by 0.80 points at 5907.65. It hit the day’s high of 5,981.80 and a low of 5,893.80 points.
Banking segment index fell by 82.38 points to 10,920,67 followed by PSU index down 28.81 points to 10,542.19. Oil and gas index lost 12.06 points at 12,467.50 and FMCG index by 5.83 points at 2224.86.
A steep rise in the realty sector index by 226.19 points at 10,748.03 points and metal index by 170.66 points at 17,668.86 saved the market from any major fall.
Capital goods, consumer durable, auto, healthcare, power and information technology indices also remained better on investment buying.
Late morning
Mumbai: The Sensex pared early sharp gains but was still up 57.60 points late morning on selective buying by domestic funds and retail investors, despite sluggish Asian cues.
The BSE 30-share barometer opened strong at 19,895.49 and was hovering in the range of 19,971.44 and 19,813.58.
It was quoted at 19,755.96 at 1030 hours, a rise of 57.60 points over last Friday’s close of 19,698.36.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) also quoted higher at 5,929.65 at 1030 hours against previous close of 5,906.85, a gain of 22.80 points.
Small-cap and mid-cap segment continued to be at the forefront on good investment buying by retailers.
Besides Taiwan, which held steady during morning trade, all other Asian indices were down by an average of 0.1-1.2% in early deals.
ACC, Bajaj Auto, BHEL, DLF, L&T, Maruti, NTPC, REL, RIL, SBI and Tata Motors attracted good buying support and were quoted remarkably higher.
Opening
Mumbai: Tracking a firm global trend, the Bombay Stock Exchange benchmark Sensex opened 247 points higher in early trade on 19 November, on emergence of buying by funds in heavy-weight stocks.
The 30-share Sensex, which lost nearly 87 points on Friday, 16 November, bounced by 246.89 points to 19,971.44 in the first five minutes of trade.
The wide-based National Stock Exchange index, Nifty, also rose by 74.95 to 5,981.80 points as most of the heavy-weights like Reliance Industries, ACC and Infosys Technology recorded handsome gains.
The trading sentiment turned bullish on reports of a firm trend in the global markets.
The Hong Kong stock exchange opened slightly higher today in the wake of Wall Street’s gains on Friday.
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First Published: Mon, Nov 19 2007. 04 26 PM IST