Sensex down for 3rd in a row; RIL gains
The BSE benchmark Sensex again fell back to settle the day at 9,015.18, a mere fall of 19.82 points or 0.22 per cent from its previous close.business Updated: Feb 19, 2009 07:16 IST
Amidst weak global cues and increased capital outflows, the benchmark Sensex on the Bombay Stock Exchange extended the losses for the third day in a row by closing down by nearly 20 points after a volatile trade.
Aggressive selling in the blue-chip stocks such as HDFC, ICICI Bank, M&M, Reliance Infra, SBI and few others mainly weighed against the market sentiment. Heavyweight Reliance, Industries, on other hand, snapped two days of losses and ended in the green.
Banking and consumer durable counters attracted profit booking, while realty and refinery shares were in keen demand, preventing major fall in the sensex.
In a see-saw trade, the BSE barometer fell below the psychologically important 9,000 level for the second day as it plunged to day's low of of 8922.31
It managed to bounce back to a high of 9,113.92.
However, the bellwether index again fell back to settle the day at 9,015.18, a mere fall of 19.82 points or 0.22 per cent from its previous close.
The bellwether index had lost massive 600 points in the last two sessions due to disappointing interim Budget.
However, the broad-based Nifty of the National Stock Exchange edged up by 5.65 points or 0.20 per cent to 2,776.15 from its last close.