Sensex falls 62 points on year-end selling
The Bombay Stock Exchange benchmark Sensex, which shed 121 points in the previous session, lost another 62.40 points to close at 17,527.77, after touching the day's high of 17,699.50.business Updated: Mar 31, 2010 17:25 IST
The Bombay Stock Exchange benchmark Sensex closed 62 points down as investors sold stocks to redeem investments before the end of the financial year.
The 30-share Index, which shed 121 points in the previous session, lost another 62.40 points to close at 17,527.77, after touching the day's high of 17,699.50.
Of the Index stocks, 17 closed with losses while 13 closed in the positive zone.
Stocks of Bharti Airtel remained firm a day after the company sealed the deal to acquire Kuwait's Zain Telecom.
The National Stock Exchange Index Nifty lost 13.35 points to 5,249.10 on fund-based selling in heavy-weight stocks in FMCG, information technology, tech and refinery sectors.
Marketmen said selling pressure gathered momentum on the last day of the current financial year as investors sought to in cash their investments before the end of the fiscal.
Of the Sensex heavy-weights, Reliance Industries fell by 1.21 per cent while Infosys shed 1.09 per cent to Rs 2,615.10.
The largest software services exporter by sales Tata Consultancy Services fell by 2.49 per cent.