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Sensex snaps 5-day winning streak, ends 10 pts down

Sensex snaps 5-day winning streak, ends 10 pts down
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First Published: Fri, Dec 28 2007. 05 20 PM IST
Updated: Fri, Dec 28 2007. 05 20 PM IST
Closing
Mumbai: The benchmark Sensex ended lower by 10 points today, snapping its five-day long rise, with funds resorting to selling amid weak global trends following the assassination of former Pakistan Prime Minister Benazir Bhutto.
The 30-share index ended the day at 20,206.95, lower by 9.77 points. The key-index touched the day’s high of 20,259.45 and a low of 20,022.88 points.
Teck, IT and auto stocks met with profit selling.
Similarly, National Stock Exchange index Nifty eased by 1.80 points at 6,079.70, after touching the day’s high of 6,098.60 and a low of 6,021.90 points.
Late Afternoon
Mumbai: After trading in the positive zone for the first few minutes both Sensex and Nifty slipped into red.
Sensex was trading at 20,184.74, down 31.98 points at 1511 hours.
The broad-based Nifty fell 7.60 points to 6,073.90 in late afternoon trade. Agencies
Late Morning
Mumbai: Sensex slid 15.56 points, or less than 0.1% to 20,201.16 as of 10:37 am local time. It earlier rose as much as 0.2%.
The index is set for a 47% gain this year, matching a similar gain last year. Markets will remain open on 31 December.
The S&P/CNX Nifty Index on the National Stock Exchange fell 5.85, or 0.1% to 6,075.65. Agencies
Opening
Mumbai: Sensex gained 39 points in early trade today, overcoming the initial loss, on emergence of buying at lower levels.
After a weak start by losing over 184 points following reports of assassination of former Pakistan Prime Minister Benazir Bhutto, the benchmark barometer moved up by 39.41 points to 20,256.13 points in the first five minutes of trade.
Similarly, the wide-based National stock Exchange index, Nifty, gained 17.10 points to touch 6,098.60 points .
Marketmen said initially the market suffered losses on panic selling by funds following assassination of Benazir Bhutto which dampened the sentiment of all global financial markets.
They said Asian markets were down after Wall Street fell on concerns over the US economy following weaker-than-expected durable goods orders data and a fresh rise in oil prices, they added coupled with the news of the assassination. PTI
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First Published: Fri, Dec 28 2007. 05 20 PM IST
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