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Sensex ends flat at 13,860.52 points

BSE benchmark Sensex ends flat at 13,860.52 points in choppy trade amid mixed Asian cues.

india Updated: Jan 05, 2007 19:46 IST

The stock markets continued to get resistance at higher levels while the Bombay Stock Exchange (BSE) benchmark Sensex ended flat at 13,860.52 points in choppy trade amid mixed Asian cues.

Foreign Institutional Investors (FIIs), which reported net sales on January 4, were believed to be the major sellers in several frontline counters at higher levels.

Moving in a wide range of over 200 points during the day, the 30-share Sensex touched an intra-day low of 13,763.39 points before ending the day at 13,860.52, a net fall of 11.19 points or 0.08 per cent from Thursday's close.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) fell by 5.40 points or 0.14 per cent to 3,983.40 from previous close of 3,988.80 points.

Investors seemed to be cautious at the prevailing price levels ahead of the third quarter corporate earnings to be released from January 11 onward.

The market sentiment was also affected by FII pullout. They reported withdrawals of Rs 202 crore in the Futures & Options and Rs 231 crore (provisional) in the Cash on Thursday.

However, refinery stocks rallied further on the back of falling global crude prices.

Generally, investors have adopted a cautious approach following a slowdown in FII inflows as well as the forthcoming earning season, brokers said.

In Asian markets, Japan's Nikkei ended down by 262 points and Taiwan's Weighted Index by 98.94 points while Hong Kong's Hang Seng recovered by 185.70 points at close.

First Published: Jan 05, 2007 19:46 IST