Sensex down 19 points at closing
The Sensex on Wednesday loses 19.25 points at 15,446.15 as funds booked profits at higher levels.business Updated: Sep 05, 2007 16:46 IST
The stock market on Wednesday snapped its eight-day long winning streak with the benchmark Sensex ending with a small loss of 19 points on profit booking by funds.
Barring Wednesday, the BSE-30 index has gained 1,282 points in the last eight sessions, its longest upward march since May 10, 2006. The Sensex on Wednesday lost 19.25 points at 15,446.15 as funds booked profits at higher levels.
Similarly, the National Stock Exchange's Nifty fell by 3.40 points at 4475.85.
Marketmen said trading sentiment also turned bearish on reports of Asian stocks dropping for a second day after comments by a senior Japanese government official reignited concern that losses from US subprime mortgages will spread.
They said a constant surge in the market pushed up stock prices to an attractive level for profit-takers. The undercurrent of the market remained bullish as barring two, all the sector indexes remained in better form, they added.
Capital good index fell by 65.90 points at 13,566.71, and oil and gas index by 45.95 at 8,141.59 points. However, realty index rose by 57.56 points at 7,520.04, consumer durable index by 47.11 points at 4,448.64, IT index by 20.45 points at 4,646.29, metal index by 20.02 points at 11,598.59 and healthcare index by 18.33 at 3,698.69 points.