Thursday, January 29, 2009

Closing: Inflation dampens sentiments.....

Taking cues from their global counterparts, the Indian indices began the day on a positive note. Thereafter, persistent selling activity led the indices to end their two-day streak of gains. While certain amount of buying activity was witnessed during the final hour of trade, markets managed to settle below the dotted line. The Sensex closed lower by around 20 points, while the Nifty closed lower by around 40 points. Stocks from the mid-cap and small-cap indices ended marginally in the red. While stocks from the auto, software and metal sectors led the pack of gainers today, stocks from the realty and capital goods space bore the brunt of profit booking. Rupee closed at 48.95 against the US dollar. The Asian markets ended on a positive note today. The European indices are currently trading weak.

Bombay Stock Exchange’s Sensex closed at 9198.42, down 59.05 points or 0.64 per cent. The index touched an intra-day low of 9164.96 and high of 9379.68.


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