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Sensex closes week 12 pts lower

Amid profit-booking in a volatile trade, the BSE index breaks its 7-day positive run to close in the red on Friday.

india Updated: Aug 18, 2006 20:19 IST

After facing profit sales for the second successive day, the Bombay Stock Exchange benchmark, Sensex, on Friday ended 12 points lower in volatile trade amid sustained FII inflows.

The market snapped its seven-day long gaining streak, during which it had risen by 664.84 points or 6.15 per cent.

The 30-share sensitive index (Sensex) rallied to the day's high of 11,508.17 points at the outset, buoyed by firm Asian advices.

The Sensex, however, came under pressure during the day and ended at 11,465.72 points against Thursday's close of 11,477.48 points, a net fall of 11.76 points or 0.10 per cent.

But, the National Stock Exchange's (NSE) S&P CNX Nifty ended in positive territory, recovering by 2.85 points or 0.08 per cent at 3,356.75 points from last close of 3,353.90.

Foreign Institutional Investors (FIIs) and retailers were believed to be sellers in high priced frontline counters.

Attributing reversal in the trend to negative FII activity in the Futures for second consecutive day, brokers said Foreign Institutional Investors (FIIs) reported net sales of Rs 308.41 crore on August 17 in derivative segment.

As per provisional numbers on the NSE web, FIIs, however, were heavy net buyers to the tune of Rs 442.40 crore in cash on the same day after inflows of Rs 952 crore on August 16.

A sharp fall in the top heavyweight RIL weighed down the Sensex even as the BSE metal index suffered a sharp setback toeing the line of the trend on metal prices abroad.

The mid-cap and small-cap stocks attracted some support from investors.

The market breadth, however, was narrowly positive as 1,279 scrips registered gains while 1,221 showed losses of the total 2,563 traded shares.

The trading volume fell sharply to Rs 3,237.92 crore from Rs 3,852.81 crore on Thursday. Mahindra Gesco recorded the highest turnover of Rs 251.66 crore followed by Bombay Dyeing (Rs 198.57 crore), RIL (Rs 140.15 crore), Bajaj Hind (Rs 77.01 crore) and Tata Motors (Rs 72.79 crore).

The broad-based BSE-100 Index, however, edged up by 3.18 points to 5,830.34 from previous close of 5,827.16.

The BSE-200 Index and the Dollex-200 were quoted steady at 1,375.99 and 493.14 at close compared to last close of 1,374.52 and 492.69, respectively. The BSE-500 Index advanced by 7.44 points to 4,360.40 from previous close of 4,352.96 but the Dollex-30 ended lower at 2,026.33 from 2,028.74.

RIL dipped by 9.90 to 1055.50, Tata Steel by 6.10 to 512.55, Hindalco by 3.70 to 160.95, Bharti Airtel by 4.90 to 409.50, Bajaj Auto by 11.20 to 2710.20, HDFC Bank by 8.55 to 840.40, Grasim by 8.65 to 2198.55, L&T by 34.80 to 2363.90, ITC by 1.25 to 180, Rel Com by 4.15 to 290.05 and REL by 6.35 to 456.40.

However, Tata Motors by 12.65 to 849.95, Maruti by 21.05 to 840.35, Hero Honda by 13.30 to 705.70, ACC by 12.95 to 902.65, BHEL by 12.60 to 2280.25, Cipla by 5.25 to 249.60, Dr Reddy by 6.55 to 1494.95, GACL by 1.95 to 110.10, HDFC BY 13.05 to 1301.85, HLL by 2.90 to 237.80, Infosys Tech by 3.30 to 1761.70, Ranbaxy by 3.45 to 408.05 and TCS by 10.80 to 969.70.

First Published: Aug 18, 2006 20:15 IST