Sensex Falls 65 Pts To Close At 20,250.26

Sensex Falls 65 Pts To Close At 20,250.26The 30-share index Sensex, on Friday, lost 65 points, breaking its 5-week winning streak, as capitalists booked profits at subsisting higher levels amid weak worldwide signals.

Stretching losses for the second successive session, the Sensex marked its closure after declining 65.06 points (0.32%) at 20,250.26.

In contrast, the broad-based Nifty declined 0.28% to close the week at 6,103.45.

On Friday, the stock market commenced the day on a firm note, however, brisk selling activity across blue-chips such HDFC, Tata Steel, M&M and HDFC Bank dragged the stock market down.

IIFL VP (Research) Amar Ambani stated, "Market players preferred to book profit ahead of monthly jobs data in the US. In addition, movement in currency market too was closely watched."

The Indian currency lost some ground versus the US currency after hitting a 25-month peak on Oct 07.

During the week, the 30-share index registered a loss of almost 1%, its first weekly reduction during the last six weeks.

For the week ended 25th September, the food inflation dropped slightly to 16.24%. During the week, mid-cap stocks gained 116.90 points (1.42%) to 8,330.57, while small-cap scrips grew by 108.88 points (1.05%) to mark its closure at 10,512.53.

The equity shares of Ramky Infrastructure, which got listed on Friday, closed the day at Rs 388, a discount of 13.78% as compared to its issue price of Rs 450 per share.