The Hindu : Business : Sensex sheds 144 points

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Friday, Nov 16, 2007
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Sensex sheds 144 points

MUMBAI: The Bombay Stock Exchange on Thursday turned weak and the benchmark Sensex dropped 144 points as profit taking emerged in blue chip stocks after a gain of over 1,100 points in the index over the past two days.

Interestingly, selling pressure was limited to large-cap stocks and brisk buying was noticed on the mid-cap and small-cap counters.

The BSE 30-share barometer index, Sensex, settled at 19784.89, down 144.17 points. It rose to an intra-day high of 19967.08 points, missing the once-lost 20000-level by just about 33 points. The BSE mid-cap and small-cap indices settled with gains of 1.5-2 per cent each. The overall market breadth was positive with over 63 per cent of all the BSE stocks closing with gains. On the other hand, only seven out of the 30 Sensex stocks advanced ahead.

Rupee steady

The rupee ended slightly better at 39.30/31 against the close of 39.31/32 on Wednesday. In dull trade at the interbank foreign exchange market, the local unit resumed with barely any change at 39.30/31 a dollar. Later, it was trapped in a narrow range of 39.27 and 39.33 a dollar on alternate bouts of buying and selling before concluding the day at 39.30/31 a dollar. — PTI

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