Sensex sheds 41 pts despite buoyant global cues
The BSE benchmark Sensex ended 41 points lower as profit- booking erased initial gains.business Updated: Jun 15, 2007 17:45 IST
Buoyant global cues and fresh fall in inflation number notwithstanding, the Bombay Stock Exchange (BSE) benchmark Sensex on Friday ended 41 points lower as profit- booking erased initial gains.
Heavy profit booking by investors in the concluding one hour of the session, however, pulled the Sensex to an intra- day low of 14,112.53, before it closed the day at 14,162.71, a loss of 0.29 per cent from Thursday's close of 14,203.72.
Initially, the BSE barometer touched the day's high of 14,326.55 on the back of firm trend in Asian markets.
Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange (NSE), however, ended flat at 4,171.45 from previous close of 4,170.
Attributing profit taking ahead of the weekend, market players said operators and institutional investors preferred to take benefits of the higher price levels in the face of continued FII slowdown.
Except Indian bourses, all Asian and European markets exhibited encouraging trend during the day.
Nikkei and Hang Seng ended up 0.72 per cent each, Singapore ST 0.22 per cent, Kospi by 0.17 per cent, Taiwan Weighted Index by 1.45 per cent and Shanghai Composite 0.43 per cent. Asia-pacific markets also showed firm trend.
After pulling out for the last few trading sessions, Foreign Institutional Investors (FIIs) reported a meagre net purchase of Rs 34.13 crore (as per provisional data) in cash on June 14.