The benchmark Sensex, on Wednesday, ended 37 points down on the Bombay Stock Exchange on profit-selling in heavy-weight stocks, even as the shares of Reliance Industries and Reliance Energy hit highest levels in a year.
The Sensex, which opened on Wednesday with a 118 point gain, later fell to end with a loss of 37.41 points at 15,505.36 against Tuesday’s close of 15,542.77 on profit-selling in stocks of capital goods, banking and IT sector. It touched an intra-day high of 15,661.44 and low of 15,486.81 points.
Marketmen said a slowdown in industrial growth to 7.1 per cent in July, 2007, as compared to 13.2 per cent in the same month a year ago also affected the investors’ sentiment. The broad-based S&P CNX Nifty of the National Stock Exchange (NSE), however, ended flat at 4,496.85 from previous close of 4,497.05.
Meanwhile, shares of India’s largest private sector company Reliance Industries (RIL) zoomed past Rs 2,000 level to touch the 52-week high of Rs 2,022. Similarly, Anil Ambani group firm Reliance Energy also hit its 52-week high of Rs 901.60. Both the scrips, however, closed below these levels.
