Mumbai: Share values snapped four-session gaining streak on the Bombay Stock Exchange (BSE) today (Feb 12, 2004) due to emergence of selling by local funds and the Sensex turned weak by 12.82 points to close at 5936.96.

Domestic funds, who were believed to be booking profits at higher levels for the past couple of days, sold index-based shares like Infosys Tech, Grasim, Hindalco, SBI, Tisco, Wipro and few others which weighed index negatively.

Had there not been a sharp rise in BHEL, Bharti Tele, Hero Honda, HLL, HPCL and L&T, the Sensex loss would have been much more pronounced.

The BSE-30 share Sensitive Index opened firm at 5973.71 as against yesterday's close of 5949.78 and moved irregularly in a range between 5986.41 and 5886.98 before concluding at 5936.96, a modest fall of 0.22 per cent.

The broad-based BSE-100 Index also eased by 4.11 points to close at 3070.88 from previous close of 3074.99.

Dealers attributed the early rally to firm Wall Street advices where the Dow Jones Industrial Average and the Nasdaq Composite Index rose by 123.85 points and 14.33 points.

Most of the IT, cement and bank stocks reacted downwards on selling by institutional investors.

Pharma major Wockhardt Ltd was the top gainer today as the company has announced a 35.6 per cent rise in its consolidated net profit for financial year ended December 2003 even as its board recommended a bonus share for every two existing shares held. The board also approved a proposal to subdivide equity share of Rs 10 each into two shares of Rs five each.