Sensex down 108 points at closing
The 30-share index, which snapped a five-day-long falling streak and gained 124 points on Monday, declined to touch 16,752.86.business Updated: May 13, 2008 16:25 IST
The Sensex on Tuesday fell by 108 points on heavy selling in heavy-weights led by refinery stocks.
The 30-share index, which snapped a five-day-long falling streak and gained 124 points on Monday, declined by 108.04 points at 16,752.86. Initially, it rose to 17,000 level and touched the day's high of 17,085.63 and low of 16,697.47 points.
The wide-based National Stock Exchange index Nifty fell by 54.85 points at 4,957.80 after touching the day's high of 5,066.00 and low of 4,943.75 points.
Oil and gas index suffered the most by losing 286.32 points at 10,907.35 followed by information technology index by 32.70 points at 4,265.14. Capital goods index lost 60.85 points at 13,060.97.
PSU index fell by 25.01 points at 7,713.53, teck index by 30.06 points at 3,379.07 and auto index by 18.36 points at 4,669.95.
The market was saved from any major fall as metal sector index rose by 100.57 points at 15,747.88, consumer durable index by 60.32 points at 4,401.45 and bank index by 36.71 points at 8,601.84.