A maturing market amid the mayhem
Profit-taking caps Sensex rise
The BSE Sensex seesawed today, mainly on account of profit-booking after the benchmark closed at an almost nine-month high yesterday.
The 30-share sensitive index of the Bombay Stock Exchange swung from an intra-day high of 14,994 to an intra-day low of 14,608, and finally closed 34 points up at 14,874. The fifty-share Nifty ended 0.10 percent down at 4525.
The main contributors to the benchmark’s rise were HDFC, Tata Steel, ICICI Bank and SBI.
On the sectoral front, the BSE Realty Index shed 2 percent, followed by the Power Index which ended 1.6 percent lower. The BSE Consumer Durable Index, however, ended higher at 2.6 percent.
FIIs bought net $131.5 million in shares and sold $38 million in debt.
Data released today showed India’s infrastructure sector output grew 4.3 percent in April from a year earlier.
On the global front, Asian stocks edged lower after a buoyant session the day earlier, hitting a 2009 high on recovery hopes.
With investors cheering improving economic data across the globe, do you think the Sensex will cross 15,000 tomorrow?