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Sensex ends down 79 points

Sensex ends down 79 points
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First Published: Mon, Aug 04 2008. 04 48 PM IST
Updated: Mon, Aug 04 2008. 04 48 PM IST
Livemint.com
New Delhi: The markets ended weak after a choppy session with the benchmark index ending down 79 points at 14,578 levels. In broader markets, the Nifty shed 18 points to end the day at 4,395 levels.
The Sensex has been moving in a broad range of 14,503 – 14,725 levels in intra-day deals.
“A fall in Asian markets on a rebound in oil prices and concerns over the US economy dampened sentiment,” dealers said.
“Support in Nifty is pegged at 4,360 levels. However, it could see further upswing after having broken out from 4,150-4,350 levels on Friday on aggressive buying by FII and operators,” said a technical analyst with Religare Securities.
Leading the pack of losers among the Sensex scrips were TCS Limited, Reliance Industries and BHEL. They slipped over 2% each. Profit booking was also visible in Sterlite Industries, Mahindra and Mahindra, Larsen and Toubro, NTPC and DLF Limited.
Among sectoral indices, the BSE capital goods index was the biggest loser followed by oil and gas index and power index.
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First Published: Mon, Aug 04 2008. 04 48 PM IST
More Topics: Markets | Stocks | Sensex | Nifty | BSE |