Sensex ends 84 points down; banks, realty, auto, RIL, ONGC dip
04 Dec 2009
The Nifty closed lower on the back of profit booking in heavyweights. It slipped below the 5,100 mark during the day. It had rallied for the first two days of this week while witnessed consolidation for the rest three days.
The sell-off in banking, oil & gas exploration, realty, auto and select pharma stocks kept the benchmark indices on the lower side. However, buying in technology, telecom, FMCG, power, oil marketing and select metal companies' shares capped the losses to some extent.
About 0.5% fall in European markets also weighed on the markets while the US index futures were flat in trade, at the time of closing of Indian equities. Asian markets closed mixed. Shanghai gained 1.6%. Nikkei, Kospi and Straits Times were up 0.45-0.6% while Hang Seng, Straits Times and Taiwan fell 0.25-0.6%.
The 30-share BSE Sensex closed at 17,101.54, down 84.14 points or 0.49%, after seeing intraday range of 17,032.81-17,291.83. The 50-share NSE Nifty traded in a range of 5,081.85-5,161.80, before closing at 5,108.90, down 0.44% or 22.80 points.
Reliance Media World ended at Rs 137.85, up 2,657% on listing day. It is engaged in the radio business company and its a demerged entity of Reliance Mediaworks (erstwhile Adlabs Films).
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