Sensex down 
Sensex down 

Sensex snaps past 4-day gaining spree, falls by 53.99 pts

Agency News

Mumbai, Mar 8: The BSE Sensex reversed the gains of last four sessions on Friday and fell by 53.99 points to end negative at 36,671.43 due to profit booking by local operators at higher level amidst weaker cues from global peers.

The Nifty of National Stock Exchange (NSE) too declined by 22.80 points to 11,035.40. Also, steep selling of stocks by domestic institutional investors (DIIs) left investors worried. The Sensex, which had surged by 856.30 points during last four sessions, opened up by 28 points at 36,753.59 in the morning session and it remained in positive terrain throughout the day. However, it  slipped in red by 133 points to hit day's low of 36,592.93 as investors booked profits in late trade before closing at 36,671.43, down by 53.99 points as compared to its last close.

The Nifty registered day's high and low at 11,049 and 11,008.95 points, respectively. The losses in sectoral indices like Metal, Technoloyg, IT, Materials and Energy pulled the equity market down, along with scrips of Tata Motors, Tata Motors DVR, HCL Tech and Tata Steel. While, the gains in NTPC, Bajaj Auto, Bajaj Finance and Sun Pharma capped its further losses, brokers informed.

DIIs sold shares worth a net Rs 925.46 crore on Thursday, a data released here said. The broader markets also underperformed the Sensex, as the BSE Mid-Cap index and Small-Cap shed by 0.08 per cent each. The market breadth was negative on BSE, as 1,203 shares advanced versus 1,440 declined and 145 were unchanged. (UNI)