Sensex surrenders early gains, ends with moderate fall
Sensex fails to hold on to early gains on Tuesday and ends with a moderate loss of over 16 points on emergence of profit selling in blue-chip stocks.business Updated: Aug 14, 2007 17:28 IST
The benchmark Sensex failed to hold on to early gains on Tuesday and ended with a moderate loss of over 16 points on emergence of profit selling in blue-chip stocks.
The BSE 30-share index, which commenced higher by extending previous day's gains, rolled back to close with a loss of 16.30 points at 15,000.91 as shares of capital goods, FMCG, healthcare and auto segments closed lower. It touched a high of 15,0069.64 and low of 14,964.66 points.
The second wide-based National Stock Exchange's Nifty declined by 3.45 points at 4,370.20, after touching a high of 4,394.30 and low of 4,354.35 points.
"Markets will remain uneasy until more clarity emerges on the extent of the subprime crisis," Delhi-based broker Amit Malik said.
With weakness in the market, sectoral indices such as capital goods index lost 34.88 points at 12,780.51, auto index by 14.34 points at 4811.59, FMCG by 10.38 points at 1921.78, healthcare by 11.54 points at 3629.60, while IT index lost 3.60 points at 4761.44.