Sensex Sheds Some Gains On Profit Booking
The 30-share index Sensex, which gained more than 248 points during the opening trade today, has shed some of its gains owing to some profit booking witnessed across front line stocks.
Banking, healthcare and metal stocks were in the lead, while real estate and auto slipped in the negative terrain.
BSE Midcap and Smallcap index increased 0.34% and 0.21% respectively.
For the week ended on August 29, 2009, Inflation stood at -0.12% as against -0.21% during the last week ended on August 22, 2009.
At 01.00 p. m., Sensex gained 132.34 points at 16,315.89 after hitting an intraday high of 16,434.77 and an intraday low of 16,275.04.
In the meantime, the broad based Nifty stood at 4,840.30, up 26.05 points, after hitting an intraday high of 4,889.05 and an intraday low of 4,814.35.
The overall breadth of the market was mixed as it saw 1,251 advancements as against 1,399 declinations.
The top gainers in the 30-share index were ICICI Bank, which gained 3.93%, Tata Motors up 2.34%, Sterlite Industries (India) increased 2.22%, Tata Steel zoomed 1.58%, RCom surged 1.57% and BHEL climbed 1.48%.
The major losers in the Sensex included Hero Honda Motors, which declined 2.85%, JP Asso fell 1.49%, Mah & Mah dropped 1.30%, Maruti Suzuki India slumped 1%, TCS sank 0.94%, and Tata Power Company was down by 0.90%.