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Sensex Down 41 Pts On Profit-Booking Amid Firm Global Trend

Mumbai, Dec 5: In range bound trading, the Bombay Stock Exchange benchmark Sensex today fell 41 points on profit-booking by investors despite firm global trend.The Sensex, which had gained over 840 points in the last
sensex down 41 pts on profit booking amid firm...
PTI 05 Dec 2011, 16:29:48 PM IST

Mumbai, Dec 5: In range bound trading, the Bombay Stock Exchange benchmark Sensex today fell 41 points on profit-booking by investors despite firm global trend.

The Sensex, which had gained over 840 points in the last three sessions, lost 41.50 points or 0.25 per cent at 16,805.33 after moving between 16,863.10 and 16,691.21.

The broad-based National Stock Exchange index Nifty fell 11 points to 5,'.15.

Brokers said investors participation declined ahead of market closure tomorrow on account of ‘Moharum.'

Blue-chips such as Reliance Industries, ITC, ICICI Bank and HDFC Bank fell as investors booked profits in these stocks after last week's gains.

In the broader market, retail companies lost ground as the government has put on hold the decision to open multi-brand retail amid widespread opposition to the move.

Pantaloon, V2 Retail and Trent fell by up to 11 per cent.

Firm cues from global market led to some value buying in the strong stocks, restricting the fall to an extent. Asian stocks closed in the green and European markets opened higher as well.

Metals, consumer durables, FMCG, healthcare, realty and auto sector stocks declined, while power, IT, capital good and banking sectors ended in the positive zone.

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