Sensex falls by 50 pts; snaps six-day rally

Snapping the six-day rally, the Bombay Stock Exchange benchmark Sensex today fell by 50 points as investors sold shares to book profits at existing high levels amid weak global trends.

Snapping the six-day rally, the Bombay Stock Exchange benchmark Sensex on Monday fell by 50 points as investors sold shares to book profits at existing high levels amid weak global trends.

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The 30-share BSE barometer, which had gained 865 points in last six trading sessions, fell by 50.11 points to close at 16,214.19 points.

The wide-based National Stock Exchange index Nifty fell by 20.95 points to 4,808.60 points, after touching a low of
4,786.25 points.

Marketmen said a surge in the Sensex in last six trading sessions pushed up stocks to dizzy heights and attracted
profit selling.

A weak Asian trend and a lower opening in Europe also impacted the market sentiments, they added. Japan's Nikkei,
Hong Kong's Hengsang and Singapore's Straight times were down up to 2.25 per cent.

The consumer durable index suffered the most losing 1.06 per cent to 3,338.58 points. The realty sector index lost 0.79 per cent to 4,213.44 points.