Sensex closes 13 points down
Having gained nearly 13 points points in early trade, the BSE falls by 76 points to close at 13,429.48 points.india Updated: Nov 17, 2006 17:05 IST
The Bombay Stock Exchange benchmark Sensex, which hit an all-time high of 13,678.04 points in initial trading on Friday, ended in negative territory, falling by over 76 points on major sell-off at higher levels by funds and retail investors.
The BSE-30 share index, which put a winning performance for six straight sessions, succumbed to funds and retail investors' profit-taking and ended 76.41 points down at 13,429.48 points.
It soared to touch a record high of 13,678.04 but plunged to the day's low of 13,383.43 as profit-selling set in.
Similarly, the wide-based National Stock Exchange's index Nifty fell by 24.05 points at 3,852.80 after moving between 3,891.85 and 3,835.70 points.
A significant fall in stocks including banking, cement, auto and pharmaceuticals acted as a major drag on the Sensex.