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Profit-taking caps Sensex rise

June 2, 2009

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.
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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?

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