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12:56 am - Monday November 20, 2017

Sensex down 105 pts on profit-selling

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Agencies, Mumbai

The benchmark Sensex on Friday closed nearly 105 points down at 28,458.10 buckling under fag-end profit booking in IT, oil & gas and healthcare shares, logging its first weekly loss in seven weeks.

After opening in the positive zone at 28,604.50, the BSE Sensex surged to the day’s high of 28,651.75 on continued overseas inflows and buying by retail investors. Soon after, however, it met with resistance at higher levels and fell back to settle at 28,458.10, a fall of 104.72 points or 0.37 per cent. Intra-day, it had touched a low of 28,409.05.

The gauge had rallied 120.11 points in the previous session on supportive domestic and global cues. On a weekly basis, the Sensex fell by about 236 points. This is its first weekly drop in seven weeks. On similar lines, the 50-share Nifty index ended 26.10 points, or 0.30 per cent, lower at 8,538.30.

It moved between 8,523.90 and 8,588.35 during the session on alternate bouts of buying and selling. Meanwhile, Foreign Portfolio Investors bought shares worth net Rs 474 crore on Thursday as per provisional data. Global cues were conducive as Asian bourses ended higher and European markets also were better in early trades.

Posted in: Business

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