The Hindu : Business : Marginal rise in Sensex

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Thursday, Nov 30, 2006
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Marginal rise in Sensex

MUMBAI: After registering a gain of over 100 points earlier in the day, the market failed to maintain the momentum and ended with a modest gain of 14.78 points on Wednesday on alternate bouts of buying and profit booking.

The Bombay Stock Exchange benchmark index, Sensex, settled at 13616.73 after registering an intraday high of 13711.76, against Tuesday's close 13601.95.

The 30-share index had shed over 171 points on Tuesday on wide-spread selling in frontline stocks.

The strong show by Asian markets had a positive impact on Indian stocks in morning trade, but profit-booking at higher levels ahead of expiry of November contract on Thursday wiped out major part of early gains, dealers said.

The BSE sensitive index opened on strong footing at 13649.20 and gyrated in a range of 13711.76 and 13586.04.

The broader S&P CNX Nifty of the National Stock Exchange moved up by 6.45 points or 0.16 per cent to 3928.20 from the previous close of 3921.75.

Market participants attributed early rally to firm global advices, but operators and retail investors took opportunity to book profits at higher levels ahead of the expiry of the derivatives segment.

. Cement shares such as ACC, Grasim, GACL, India Cement and few other were in limelight on good investment buying.

PTI

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