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To 15,000 and back

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The Sensex topped 15,000 points during trade on Wednesday for the first time in nine months, but lost steam and closed at 14,870 as investors booked profits.

The 30-share sensitive index swung from an intra-day high of 15,045 to an intra-day low of 14,734, and finally closed 4 points down. The fifty-share Nifty ended 0.12 percent higher at 4530.

Profit-booking was seen mainly in Reliance Industries, Infosys and SBI.  INDIA-STOCKS/6PCT

On the sectoral front, the BSE Banking Index shed 1.2 percent, followed by the IT Index which ended 1percent lower, mainly due to rise in the rupee. The BSE Consumer Durable Index, however, ended higher at 4.04 percent.

FIIs bought net $44.4 million in shares and $374.7 million in debt. Aggressive buying of Indian stocks by FIIs has kept investor sentiments upbeat. Their total inflow in calendar year 2009 totalled $4554.6 million.

Profit-taking caps Sensex rise

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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.

Sensex gains in choppy trade

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The Sensex ended nearly 200 points up on Wednesday as investors covered positions ahead of the monthly derivatives expiry.

The session was volatile throughout the day, with the benchmark gaining momentum towards the close of the trade.

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