Sensex snaps five-day rally, closes 55 pts down | business | Hindustan Times
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Sensex snaps five-day rally, closes 55 pts down

business Updated: Apr 27, 2010 17:19 IST

Snapping the five-day rally, the Bombay Stock Exchange benchmark Sensex closed 55 points lower, as foreign funds and retail investors booked profits amid weak Asian markets.

The Sensex, which had gained 340 points over the previous sessions, slipped 54.66 points, or 0.31 per cent to close at
17,690.620 points, after touching a low of 17,678.56.

Of the 30-share BSE index, 20 succumbed to profit-booking, while 10 made further headway on continued capital inflows by funds.

Stocks of realty, banking, auto and metal sectors retreated on fresh spell of selling, dragging the Sensex down.

Similarly, the wide-based National Stock Exchange index Nifty fell by 14.10 points, or 0.26 per cent, to 5,308.35,
after dipping to a low of 5,301.40 during the session.

Brokers said trading sentiments turned somewhat weak as major players indulged in booking profits after recent
and some gains in heavy-weight stocks.

However, they said despite today's fall, market outlook continues to remain bullish on the back of strong quarter
earnings posted by many companies.

Auto major Maruti Suzuki stock's plunged 3.88 per cent to Rs 1,283.15 after Morgan Stanley downgraded its rating.