Sensex closes marginally down on profit selling

Sensex closes marginally down on profit selling
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First Published: Wed, Sep 12 2007. 05 02 PM IST
Updated: Wed, Sep 12 2007. 05 02 PM IST
Agencies
Mumbai: The benchmark Sensex fell 37 points on the Bombay Stock Exchange on 12 September on profit selling by funds in heavy-weight stocks.
The Sensex, which opened the day with a gain of 118 points, fell later in the day to end with a loss of 37.41 points on profit selling in stocks of capital goods, bank and Information technologies. It touched intra-day higher of 15,661.44 and a low of 15,486.81 points.
The wide-based National Stock Exchange index Nifty ended flat at 4,496.85, down by 0.20 point, after touching the day’s high of 4,531.50 and a low of 4,490.40 points.
While all the sectoral indices closed in negative zone, a steep rise in metal and realty sectors saved the market from any major fall. Metal segment index shot up by 146.06 points at 11,918.28 and realty index by 110.55 points at 7,642.34.
Oil and gas index rose by 60.44 points at 8,321.15, consumer durable index by 36.82 points at 4,594.71 and auto index by 8.65 points at 4,875.78.
The major losers was bank index by 58.30 points at 7,979.77, followed by capital goods index by 50.08 points at 13,664.18. IT index lost 26.58 points at 4,443.98, PSU index by 44.92 points at 7,323.60 and teck index by 13.94 points at 3,540.77.
Morning
Mumbai: The benchmark Sensex started off on a strong note on the opening bell, gaining 118 points in the first five minutes of trading, but soon lost some of the gains to trade 52 points up at 15,595 at 10:20am on 12 September.
Similarly, the wide-base National Stock Exchange index, Nifty, rose by 20 points 4517.
The market in India moved in tandem with other Asian indices such as Japan’s Nikkei, which also started off on a strong note and shed all its gains to get into negative territory after Japanese Prime Minister Shinzo Abe announced his resignation.
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First Published: Wed, Sep 12 2007. 05 02 PM IST
More Topics: Sensex | Nifty | BSE | stocks | NSE |