Monday, February 7 2005 17:30 Hrs (IST) - World Time -

Mumbai: Heavy profit-taking today (Feb 7, 2005) ensured a correction at the Bombay Stock Exchange (BSE), bringing down the Sensex by 83.06 points to close at 6535.17, despite a positive start even as foreign funds, the market-mover, played a low profile amidst the selling.

The 30-shares sensitive index resumed higher at 6652.33 as against the previous close of 6618.23 and rose further to a high of 6658.33.

However, hectic profit-selling emerged later and pulled the Sensex down to a low of 6514.86, before settling at 6535.17, showing a whopping fall of 83.06 points or 1.26 per cent over Friday's levels.

"A resurgent dollar overseas probably was the cause of the slowdown in FII inflows after pumping in a massive Rs 4211 crores ($ 958 million) last week", a dealer said adding, "A technical correction was overdue after the recent spurt."

The major losers of the day were Infosystch, which fell by Rs 51.40 to Rs 2029.30, Hindalco by Rs 23.60 to Rs 1365.65, HDFC by Rs 23.85 to Rs 792.40, Grasim by 14.85 to Rs 1340.60, Ranbaxy by Rs 16.45 to Rs 1061.60 and Bajaj Auto by Rs 10.35 to Rs 1064.35.