SENSEX ended Lower at BSE Today

Posted Date: 08-Oct-2010	Category: Stocks Market	Rating:
Author: naduvilmadam	Member Level: Gold	Points: 5

For the second consecutive day on Friday, the Indian stock markets ended lower. After a volatile trade during the day, in the last lap of the trading hours, the Sensex pared most of the losses and closed at 20,250.26. During the last few sessions, profit booking at higher levels was witnessed. The combined sale of Domestic Institutional Investors stood at Rs 1002.01 crores in NSE and BSE,

For the second consecutive day on Friday, the Indian stock markets ended lower. After a volatile trade during the day, in the last lap of the trading hours, the Sensex pared most of the losses and closed at 20,250.26. During the last few sessions, profit booking at higher levels was witnessed. The combined sale of Domestic Institutional Investors stood at Rs 1002.01 crores in NSE and BSE, which was more than the net purchase of Foreign Institutional Investors (FIIs) of Rs.586.22 crores, indicating profit booking at higher levels much before the September quarterly results. Added to this was the weakening global cues. Market Leader Infosys will set the trend upwards from the current level where NIFTY may trace back to 6000 levels. During the current year FIIs brought in funds to the extent of over 21 billion dollars and almost one third came in September this alone. India is the third largest growing economy with its economic growth likely to reach double digits level in next Financial Year.

The NSE Nifty which opened at 6,121.406 saw a high of 6,148.60, low of 6,067.00 and closed at 6,103.45, minus -16.85 points over its previous lose. This was 0.28 percent lower. The major gainers in Nifty shares were Hindalco, Ranbaxy, R.Com, Sun Pharma, and Cipla while the major losers were Tata Steel,M & M, JP Associates, Kotak Bank and Tata Motors

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