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Sensex ends at 5-1/2-month low

MUMBAI APRIL 23. After an enthusiastic start, the top heavyweight Reliance Industries ran out of steam and dropped sharply from the day's high and in turn, pulled the Sensex down by 38.21 points to close at a more than 5-1/2-month low at 2947.33 on the Bombay Stock Exchange here today due to late selling pressure from foreign funds and operators.

Operators and foreign institutional investors, who had built up positions in RIL ahead of the company's announcement of results, later pressed all round sales as the performance fell marginally short of the market expectations.

The BSE 30-share index that had risen past the 3000-level to the intra-day high at 3009.01, later fell sharply to end at 2947.33 against 2985.54, netting a fall of 1.28 per cent.

PTI

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