Markets take a break, Sensex down 28 pts in choppy trade

Mumbai, Dec 2 (PTI) The Indian markets snapped the
two-day rally Wednesday with Sensex closing 28 points down
from the previous close as profit booking set in at the fag
end of the trade, amidst weak opening in Europe.

The Sensex, which commenced the day higher, continued to
fluctuate between 17,329.68 and 17,142.36 points during the
day before ending with a loss of 28.36 points at 17,169.91
points.
Marketmen said a resistance emerged in the last 30
minutes of trading after the market rose nearly 566 points in
last two trading sessions, which attracted profit selling at
higher levels, adding a weak European opening further fuelled
selling pressure.
The National Stock Exchange index Nifty 50, however ended
flat with a marginal gain of 1.25 points to end a volatile day
at 5,123.25 points, after moving between 5161.75 and 5,111.75
points during the intra-day.
The Sensex would have lost more had it not been for the
Reliance and Infosys Technologies counters which held ground.
These two stock s carry nearly 23 per cent weightage on the
Sensex.
In 30-BSE index-related scrips, 11 advanced and 19 ended
with small to notable losses. The down-trend was supported by
stocks in power, FMCG, capital goods, consumer durables, IT,
and metals. On the other hand, shares of realty, auto, bank,
healthcare and oil and gas sector suffered losses on emergence
of profit-booking. PTI RS
MYR


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