Friday, Dec 31, 2004
Friday, Dec 31, 2004 |
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MUMBAI, DEC. 30. Heavy profit taking drove the Sensex down by 45.40 points to close at 6522.54 ahead of the expiry of the Futures & Options December contract today and halted a sharp five-session rally that took it to all time high. The market, which opened on a positive note at 6583.74 from the overnight close of 6567.94, hit an early peak of 6608.30, before succumbing to hectic profit selling ahead of the year-end tomorrow, dealers said. It dipped to a low of 6507.30, but light buying on dips partly cushioned the fall and it ended at 6522.54, they added. Selling was seen in most of the heavyweight counters such as RIL, Infosys Technologies, Tata Motors, Satyam Computer, ITC, Ranbaxy, Maruti, HDFC and ICICI Bank. Software and cement shares attracted profit taking while auto stocks ruled mixed towards the close on alternate bouts of buying and selling. Dealers attributed the initial rally to the positive attitude shown by the government towards the reform process which sent the right signals to the FIIs.
— PTI
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