Press Esc to close
Saturday 01 November 2014
News updated at 2:02 AM IST
Weather
Max: 28.4°C
Min : 18°C
In Bangalore
Partially cloudy

Sensex snaps 4-day rally, down 62 pts on profit selling

New Delhi, May 20,, 2013 (PTI)

Falling for the first time in five sessions, the BSE benchmark Sensex today retreated from 30-month high levels by losing 62 points to end at 20,223.98 on profit-booking in recent gainers in healthcare, consumer durable and banking sectors.

After a steady start, Sensex touched intra-day high of 20,443.62 but emergence of profit-selling in ICICI Bank, ONGC, Bharti Airtel, Dr Reddys, Cipla and RIL dragged 30-share index to end 20,223.98, a fall of 62.14 points, or 0.31 per cent.

This is the first time in five sessions the Sensex ended in the negative terrain. It had climbed 595 points in past four sessions to touch highest levels since January, 2011.
Similarly, the broad-based National Stock Exchange index Nifty, after touching a psychological 6,200 level, fell by 30.40 points, or 0.49 per cent to close at 6,156.90. SX40 index, the flagship index of MCX-SX, also ended 25.02 points or 0.21 per cent lower at 11,947.50.


"Markets opened on a strong note on firmness in global markets and surged to new highs. However, profit booking was seen...Auto stocks like M&M, Bajaj Auto and Maruti were in limelight and showed strength while healthcare and consumer durables indices lost more than one percent each," said Nidhi Saraswat, Senior Research Analyst, Bonanza Portfolio.

Traders said investors and funds were encashing the recent upsurge in particular sectors and this 'technical correction' is good for the market health.

Banking stocks corrected after they gained recently on hopes of a rate cut while pharma shares slid on fears the new pharma pricing policy may hurt profits, they added.

Outside major indices, Tata Teleservices surged nearly 20 per cent, Hindustan Door by 17.8 per cent, Thomas Cook by 12.4 per cent and KSK Energy by 11.2 per cent on solid buying.

The healthcare sector index suffered the most by losing 1.79 per cent to 8,999.79 followed by consumer durable index by 1.19 per cent to 7,452.70. Banking index lost 0.92 per cent to 15,074.81 and oil and gast index by 0.86 per cent to 8,953.95.

Go to Top

Photo Gallery
A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523