Sensex falls below 18,000-level on profit-booking
The Bombay Stock Exchange benchmark Sensex today crossed 18,000-level after more than two years before settling below this psychological mark.mumbai Updated: Apr 07, 2010 16:58 IST
The Bombay Stock Exchange benchmark Sensex on Wednesday crossed 18,000-level after more than two years before settling below this psychological mark.
The 30-share index closed at 17,970.02, up 28.65 points from its last close. In opening trade itself it crossed 18,000-level by adding over 67 points.
This is the fourth day of straight gains for the index.
The wide-based National Stock Exchange index, Nifty, ended higher by 8.65 points at 5,374.65.
Brokers said Sensex could not sustain the 18,000-level as weak opening in European bourses led to some profit booking here.
A strong rupee against the dollar also influenced trading in IT stocks and capped gains to some extent.
They, however, added that investors remained optimistic of a better quarter earnings by corporate helping the Sensex end in the positive terrain.