Sensex snaps 5-week gains on profit-booking, down by 195 pts
The BSE benchmark Sensex snapped its five-week gaining spree by slipping 195 points on profit-booking from domestic funds and retail investors in Fast Moving Consumer Goods and Capital goods counters.business Updated: Oct 09, 2010 14:49 IST
The BSE benchmark Sensex snapped its five-week gaining spree by slipping 195 points on profit-booking from domestic funds and retail investors in Fast Moving Consumer Goods and Capital goods counters.
Selling activity intensified mainly in the last two trading sessions of the week. Investors also sold shares to make room for investment in the initial public offer (IPO) of Coal India.
The BSE Sensex fell by 194.78 points, or 0.95 per cent, to settle the week at 20,250.26 from its last weekend's level on concerns over valuations and ahead of the Q2 results from corporates.
The Sensex had gained by 2,446.63 points, or 13.59 per cent in the last five weeks.
The S&P CNX Nifty also fell 39.95 points, or 0.65 per cent, to 6,103.45 from its last week end's level.
However, the BSE Mid-Cap index rose by 116.90 points or 1.42 per cent and the BSE Small-Cap index rose by 108.88 points or 1.05 per cent.
Foreign funds continued their buying spree during the current week. Net equity inflow in 2010 now stands at a record USD 21.42 billion, above last year's USD 17.45 billion, as per data from the Securities & Exchange Board of India (SEBI).
The SEBI data includes FII inflow through primary and secondary market route.