Tuesday, November 29 2005 17:49 Hrs (IST) - World Time -

Mumbai: The five-session long bull run was checked on the Bombay Stock Exchange (BSE) today (Nov 29, 2005) as the sensex suffered a sharp setback after breaching the 9000-mark yesterday (Nov 28, 2005) and closed 64 points down in volatile trade due to fresh profit-selling at higher level.

The BSE 30-share sensitive index opened firm at 9000.65 as against yesterday's close of 8994.94, but later fell sharply on fresh bouts of heavy selling and after touching a low of 8875.82, ended at 8931.16, showing a fresh loss of 63.78 points or 0.71 per cent over the last close.

Since Wednesday the index had gained by a whopping 396.19 points on heavy FII buying.

Reacting to today's fall in sensex, Finance Minister, P. Chidambaram said the market movement was orderly, while brokers said a correction at this stage was much needed as it was a sign of healthy market.

Weak Asian advices also dampened the market sentiment as Hang Seng fell by 71.24 points, Nikkie by 59.24 points, Kopsi by 14.30 points, FTSE by 12.10 points and Tawain by 64.30 points.

BHEL, Dr Reddy, Infosys Tech, SBI, Bajaj Auto, Tata Motors, Maruti, HDFC Bank, Grasim, TCS, Wipro, Tata Power, L&T, Hero Honda, HDFC, Bharti, NTPC, ICICI Bank, declined.

However, Satyam, ONGC, RIL, Tata Steel, REL, ONGC, ACC, Ranbaxy and Cipla found some support and closed better.