Sensex falls short of 18K peak at closing | business | Hindustan Times
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Sensex falls short of 18K peak at closing

business Updated: Oct 05, 2007 17:35 IST

The Bombay Stock Exchange benchmark Sensex failed once again to cross the 18,000-point milestone as heavy profit booking wiped off early gains. <b1>

The 30-share index, which appeared close to climbing the the 18K peak on October 3, ended at 17,773.36, lower by 3.78 points from Friday's close.

Capital goods and refinery stocks bucked the sluggish trend, and saved the market from any major fall. Capital goods segment index gained the most by 489.26 points at 15,742.59 followed by oil and gas index by 109.05 points at 10,109.80, while all the other sectorial indices ended in red.

The wide-based National Stock Exchange index Nifty closed lower by 22.80 points at 5,185.85, after touching a high of 5,248.55 and a low of 5,164.50 points.

Profit selling at existing higher levels was strong and the market also discounted reports of a rise in global stock markets, traders said.