Sensex closes Thursday at 24.87 points down

Trading has been cautious throughout the day and Asian markets witnessed bullish trends.

india Updated: Aug 31, 2006 16:48 IST

Indian share prices closed down 0.21 per cent on Thursday, to snap five straight days of gains as investors locked in profits, dealers said.

They said trading was cautious with weakness seen in telecom and engineering companies even as Asian markets showed bullish trends on revised higher US GDP growth figures and lower oil prices.

The 30-share benchmark Sensex index fell 24.87 points to 11,699.05.

"The buying interest is on the wane. The markets are taking a breather," said Ravi Menon, director of investment banking with HSBC Securities and Capital Markets India.

First Published: Aug 31, 2006 16:48 IST