Global markets on a profit ride
Mumbai: Investors all over the world have decided to book profits in the equity markets in the last four days. Major indices across the globe have fallen during the last four days, despite no shock to the fundamentals, market reports say.

Until Wednesday, only two Asian indices had managed to buck the global trend — Japan's Nikkei-225 was up 173 points, and Philippines PSE index gained 33.49 points.
Back to News Review index page  

Sensex down 41.13 points
Mumbai: Selling pressure towards the close of session pushed the Bombay Stock Exchange (BSE) Sensex 41.13 points down to 4,393.13 on Thursday. "Investors are booking profits, but the undertone is still bullish as the fundamentals are sound and liquidity is high," a broker was quoted as saying. "The weakness seen today cannot be attributed to the second anniversary of the 9/11 attacks, though some people may have been cautious."

Though the market was stable for some time after opening weak, it lost ground during afternoon trades. Selling pressure in heavyweights eventually dragged the market down. On the National Stock Exchange, the S&P CNX Nifty index lost 6.40 points to settle at 1,403.15. Heavyweights like ITC, Hindustan Lever and Reliance Industries lost ground towards close, contributing to the weakness of the market.
Back to News Review index page