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Sensex ends eight-session gaining streak

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MUMBAI: The stock market on Wednesday snapped its eight-day long winning streak with the benchmark Sensex ending with a small loss of 19 points on profit booking by funds. The BSE-30 index has gained 1282 points in the last eight sessions, its longest upward march since May 10, 2006. The Sensex lost 19.25 points at 15446.15 on Wednesday as funds booked profits at higher levels. Similarly, the National Stock Exchange’s Nifty fell by 3.40 points at 4475.85.

Marketmen said trading sentiment also turned bearish on reports of Asian stocks dropping for a second day after comments by a senior Japanese government official reignited concern that losses from the U.S. subprime mortgages will spread. The undercurrent of the market remained bullish. — PTI


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