Sensex ends 41 points down on profit-booking

Sensex ends 41 points down on profit-booking
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First Published: Fri, Jun 15 2007. 04 50 PM IST
Updated: Fri, Jun 15 2007. 04 50 PM IST
By PTI
Mumbai: Buoyant global cues and fresh fall in inflation number notwithstanding, the Bombay Stock Exchange (BSE) benchmark Sensex on 15 June ended 41 points lower as profit- booking erased initial gains.
Heavy profit-booking by investors in the concluding one hour of the session, however, pulled the Sensex to an intra- day low of 14,112.53, before it closed the day at 14,162.71, a loss of 0.29% from Thursday’s close of 14,203.72.
Initially, the BSE barometer touched the day’s high of 14,326.55 on the back of firm trend in Asian markets.
Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange (NSE), however, ended flat at 4,171.45 from previous close of 4,170.
Attributing profit taking ahead of the weekend, market players said operators and institutional investors preferred to take benefits of the higher price levels in the face of continued FII slowdown.
Except Indian bourses, all Asian and European markets exhibited encouraging trend during the day.
Nikkei and Hang Seng ended up 0.72 per cent each, Singapore ST 0.22%, Kospi by 0.17%, Taiwan Weighted Index by 1.45% and Shanghai Composite 0.43%. Asia-pacific markets also showed firm trend.
After pulling out for the last few trading sessions, Foreign Institutional Investors (FIIs) reported a meagre net purchase of Rs 34.13 crore (as per provisional data) in cash on June 14.
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First Published: Fri, Jun 15 2007. 04 50 PM IST
More Topics: Money Matters | Equities |