Sensex in negative territory for sixth consecutive day
Mumbai--Unabated selling from domestic mutual funds coupled with profit-booking from FIIs wiped out initial gains made when the market opened on a firm note.
Operators were thus forced to unwind their positions but surprising the benchmark Sensex lost marginally by 3 points while S&P CNX Nifty gained by a miniscule 0.10 points.
The markets closed in the negative zone for the sixth consecutive day.
To begin with the markets opened on a higher note as Nasdaq and Dow closed higher by about 78 points and 115 points respectively in the US.
The Sensex opened at 3473.32 and rallied mildly to cross the 3500-level to the intra-day high of 3507.24.
It retracted later though due to resistance and closed at 3457.31, netting a small loss of 2.73 points. Nifty on the other hand gained marginally by 0.10 points to close at 1115.70.
With the buoyancy in the US markets, Indian ADRs were firm with Infosys moving up by $6 helping the sentiments at the domestic markets to change to neutral from bearish, said a leading fund manager.
FIIs activity was restricted to IT counters like Infosys Technologies, Hughes Software, Pentamedia Graphics and Satyam Computer.
Sources said Unit Trust of India had sold shares of RIL at the prevailing market rates.
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VST scrip spike suspicious says Ask Raymond James
Mumbai--ASK-Raymond James & Associates, the advisor to the Damanis-promoted Bright Star, has asked Sebi to investigate into "suspicious price movements" in the VST Industries shares on Wednesday, despite the scrip being in the no-delivery period.

As much as 87,145 shares were traded on the BSE and NSE. In a letter to Sebi, ASK Raymond James has said: "Neither Bright Star nor any of its affiliates have bought any of these shares. Any person who purchases shares of VST during the no-delivery period cannot tender the shares in the open offer by either Bright Star or Russell Credit."
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