Sensex snaps 4-session gaining streak, down by 15 pts Tuesday, April 6 2004 20:03 Hrs (IST)
Mumbai:
Snapping the four-session gaining streak, share prices reacted downwards at the Bombay Stock Exchange today (Apr 6, 2004) due to profit-selling and the Sensex fell moderately by 15.60 points to end 5822.42.
However, IT bellwether Infosys Tech, and select other software shares attracted renewed buying and finished with marked gains, cushioning the Sensex fall.
The news that the Board of Directors of Infosys Tech has convened a meeting on 13th April to consider recommendation of issue of bonus shares/stock split, aided the sentiment at initial stages, dealers said.
Decline in the Sensex could be gauged by marked to moderate losses in index-based shares like HLL, Grasim, HPCL, L&T, Tata Motors, Tisco, BHEL, ACC, Bajaj Auto, Dr Reddy, HDFC Bank, Hero Honda, MTNL, REL, Satyam Computer and Zee Telefilm.
The BSE-30 share sensitive index opened sharply higher at 5886.02 as against yesterday's close of 5822.42 and immediately touched a high of 5897.56.
Later, sustained profit booking by domestic funds and operators turned the tide against bulls and the index dipped to a low of 5780.94 before concluding at 5822.42, a fall of
0.27 per cent.
The broad-based BSE-100 index also eased by 7.79 points to end 3092.76 from previous close of 3100.55.
Yesterday's favourites Public Sector Undertakings (PSUs) and Capital Goods segment suffered a marked setback on profit booking and as a result the BSE-PSU index and the BSE-CG index dropped by 21.75 points and 41.24 points per cent to 4091.11 and 2410.70 respectively.