Online edition of India's National Newspaper
Thursday, May 24, 2007
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Online edition of India's National Newspaper Thursday, May 24, 2007 ePaper |
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MUMBAI: The stock market snapped a five-day gaining streak on Wednesday and ended 90.46 points lower at 14363.26 as investors booked profits at existing higher level in the absence of any major trigger amid end of futures contract on May 31. In volatile trade, the 30-share sensitive index came under pressure after hitting a high of 14500.64 and gradually moved downwards to end at 14363.26 from Tuesday's close of 14453.72, a net fall of 90.46 points. The Sensex had risen by about 524 points in the five-day rally since May 16. The S&P CNX Nifty also dipped by 31.90 points or 0.75 per cent to close at 4246.20 from 4278.10. Share prices were driven higher by sustained purchases by foreign institutional investors and domestic funds in the past few days and Wednesday's slide was seen as a necessary correction for the market's sound health. Asian markets exhibited a steady to mixed trend, having a sentimental impact on the bourses. — PTI
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