The Hindu : Business : Sensex declines

Online edition of India's National Newspaper
Wednesday, Sep 06, 2006

Business

Business

Sensex declines

MUMBAI: Despite sustained foreign institutional investment inflows, the Bombay Stock Exchange benchmark, Sensex, on Tuesday ended flat at 11904.60 in low volume as higher levels attracted profit taking by investors.

After a promising start, the 30-share sensitive index (Sensex) dropped sharply to an intra-day low of 11847.93 but eventually recovered the losses and ended the day at 11904.60 against Monday's close of 11914.21, a net loss of 9.61 points.

On the National Stock Exchange, the S&P CNX Nifty moved irregularly before closing at 3473.75, down by 3.10 points.

Foreign institutional investors and private mutual funds were believed to be the prime buyers at lower levels, aiding the market to stage a smart recovery at the fag end, brokers said. The FIIs, who have been consistent net buyers last week, reported net investments of about Rs. 534 crore in the Futures & Options (F&O) segment on September 4. They also pumped in about Rs. 342 crore in the cash segment on the same day, as per provisional numbers.

The Asian markets too witnessed narrowly mixed trend. The Nikkie ended up by 27.89 points and the Kospi by 2.18 points while the Hang Seng closed lower by 75.08 points.

PTI

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