Day after rally, Sensex takes a breatherSeptember 28th, 2011 - 7:21 pm ICT by IANS
Mumbai, Sep 28 (IANS) A benchmark index for Indian equities markets Wednesday closed 70 points lower on a largely dull trading day. Traders chose to book some profits and wait on the sidelines after the huge rally seen in the previous session.
The 30-scrip sensitive index (Sensex) of the BSE opened at 16,663.26 points, and closed at 16,446.02 points — down 78.01 points or 0.47 percent from its previous close at 16,524.03 points.
The Sensex had soared 473 points Tuesday.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also ended lower Wednesday, 0.51 percent down at 4,945.9 points.
Broader markets also closed lower. The BSE midcap index was down 0.88 percent, while the BSE small cap index closed 0.97 percent lower. The BSE 100 was down 0.55 percent.
The market breadth at the BSE was negative with 1,759 on the decline, 1,045 stocks advancing and 104 remaining unchanged.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors were net buyers to the tune of $18.04 million.
Prominent Sensex gainers were DLF, up 3.08 percent at Rs.224.05; ITC, up 1.91 percent at Rs.196.95; ONGC, up 1.29 percent at Rs.262.10 and Infosys, up 1.18 percent at Rs.2,474.85.
Losers on the benchmark included L&T;, down 2.9 percent at Rs.1,404.25; Maruti Suzuki, down 2.83 percent at Rs.1,074.60; Bharti Airtel, down 2.16 percent at Rs.378.75 and ICICI Bank, down 2.08 percent at Rs.868.95.
Asian markets closed lower as investors awaited results of a key vote in Germany on expanding a financial fund to bail out debt ridden economies in the Euro zone.
The Japanese Nikkei closed flat at 8,615.65 points, while Hong Kong’s Hang Seng index ended 0.66 percent down at 18,011.06 points.
The Chinese Shanghai Composite index also closed 0.95 percent lower at 2,392.06 points.
European markets too were trading subdued amid anxiety over the Euro zone debt crisis as investors waited for release of key economic data.
While Britain’s FTSE was ruling 0.35 percent down at 5,275.33 points, the German DAX was trading 0.27 percent higher at 5,643.49 points.
The French CAC 40 was ruling 0.11 percent lower at 3,019.97 points.
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