Sensex, Nifty end with marginal losses

Nifty 5668.05 -2.35

Sensex 19051.86 -6.81

Save for a few minutes in early trade, the mood of the participants on the major Indian bourses remained cautious with a negative bias today. Weak global markets and the incredible rally staged by equities yesterday triggered a few rounds of profit taking and though the Sensex managed to bounce back after a sharp setback this afternoon, it still finished the session on a negative note today.

Bank, power and realty stocks had a profitable outing. Information technology majors, with the exception of Satyam Computer Services, struggled for support. Auto and oil stocks regained some lost ground thanks to buying in late afternoon trade. FMCG stocks had a weak run. Capital goods and pharma sectors saw stock specific buying.

While the Sensex, which hit a new high of 19,174.45 but crashed to 18,877.75 in intra-day trades, ended the day at 19,051.86 with a small loss of 6.81 points, the Nifty settled at 5668.05 with a loss of 2.35 points. The NSE benchmark hit a new high of 5708.35 before it plunged to 5578.45 in afternoon trade.

Though they turned a bit easy in mid afternoon trade, stocks from midcap and smallcap segments rebounded smartly during the final hour of trade. Reflecting the interest for stocks in these segments, the BSE Midcap and Smallcap indices closed stronger by 0.85% and 0.47% respectively.

ICICI Bank recorded a handsome gain of 5.5% today. Hindalco moved up by 4.55% to Rs 197.45. Reliance Energy extended its winning run and notched up a sharp gain of 3.1%. Maruti Udyog (2.3%), NTPC (2%), Satyam Computer Services (1.6%) and Reliance Communications (1.1%) also ended on a firm note.

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