Sensex surrenders 70 points on selling

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MUMBAI: The benchmark Sensex snapped the 11-day rally by falling 70 points on the Bombay Stock Exchange on Thursday due to heavy profit-selling by funds at the existing higher levels.

The 30-share index of the Bombay Stock Exchange, which was on an upward march for the last 11 straight trading sessions to reach close to 18,000 points, shed 69.90 points to close at 17,777.14, after touching the day’s high of 17,890.49 and low of 17,494.70. Similarly, the National Stock Exchange’s Nifty settled lower by 2.15 points at 5,208.65, after touching an intra-day high of 5,233.10 and a low of 5,126.05.

A steep rise in metal and capital goods stocks averted any major fall in the Sensex and Nifty. Metal index surged the most by 223.35 points to 14,384.87, followed by capital goods index, which rose 184.13 points to 15,253.33. Consumer durable index shot up by 130.26 points to 4,870.23. — PTI

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