Sensex takes a hit

Source : SIFY
Last Updated: Mon, Jan 07, 2013 10:16 hrs
Sensex drops 0.3 pct; RIL, Infosys fall

After a fall from higher levels and a subsequent recovery, the market tumbled past mid afternoon and ended the day with notable losses on Monday.

Profit taking and weak global markets dragged down stock prices.

The Sensex ended at 19,658.01 (provisional) with a loss of 126.07 points or 0.64%.

The Nifty closed at 5988.40, down 27.75 points or 0.46%. Capital goods, realty and FMCG stocks declined sharply in the final hour.Consumer durables and bank stocks too mostly ended notably lower.

Power stocks lost ground.

IT, oil an automobile stocks ended well off their highs.

Metal and pharma stocks too failed to hold at higher levels.

While midcaps ended on a subdued note, smallcap stocks outperformed.

The market breadth was slightly weak.

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