Sensex touches new high at 10,753 pts
After touching a new high immediately within few minutes of opening, Sensex moved erratically with a downward bias.india Updated: Mar 07, 2006 11:46 IST
After touching a high of 10,753.13 immediately within few minutes of resumption of trading, the Bombay Stock Exchange (BSE) sensitive index (Sensex) moved erratically with a downward bias, tracking the global weakness.
The BSE-30 share Sensex opened firm at 10,747.87 as against Monday's close of 10,735.36 and gyrated in a range between 10753.13 and 10701.44 before quoting at 10,715.11 at 10.30 am, showing a fresh fall of 20.25 points.
Market participants attributed profit-taking to negative world advices. On Wall Street, the Dow Jones Industrial Average and the tech-heavy Nasdaq Composite Index dropped by 63.00 points and 16.57 points on Monday night.
South East Asian markets like Hong Kong, Japan, Korea and Taiwan also displayed weak trends early on Tuesday.
Foreign Institutional Investors (FIIs) continued their buying spree and injected more than Rs 1800 crore on the first four days of the last week.
Domestic mutual funds, who picked up shares worth Rs 616.60 crore in the same period, were believed to have booked profits in select high priced counters on the last day of the preceding week.
Infosys Tech, Satyam Computer, Wipro, ONGC, Dr Reddy, HDFC Bank, Hindalco, ICICI Bank and Tata Motor showed marked falls on selling while Bharti Tele, Cipla, HLL, ITC, L&T, NTPC and Maruti were quoted remarkably higher.