BSE Sensex down 134 pts on profit-booking

Mumbai, Oct 30 (PTI) Stocks: Amidst high volatility,
the BSE benchmark Sensex dropped 134 points due to profit-
booking from investors following expiry of near-month October
contracts and doubts over the quantum of quantitative easing
by US Federal Reserve at a policy meeting in early November.
Realty, power, public sector units, IT and metal
sectors were the major losers of the week on fresh selling
pressure from operators. Metal stocks were the worst hit on
worries about the pace of global economic recovery.
However, buying was seen in consumer durable and auto
stocks as investors seemed to be on a shopping spree ahead of
the fast approaching Diwali festival. But this was not enough
to stem the decline in the key index.
Operators and investors were seen rolling over their
long as well short positions following expiry of derivatives
contracts on October 28, leading to see-saw movements, a
broker said.
The 30-share Sensex resumed higher at 20,199.73 and
hovered in a range of 20,452.30 and 19,768.96 before ending
the week at 20,032.34, showing a net loss of 133.52 points or
0.66 per cent from its last weekend's close.
Meanwhile, food inflation declined sharply to 13.75
per cent for the week ended October 16 from 15.53 per cent
previously on improved kharif supplies and fall in prices of
certain vegetables, especially potatoes and onions. (MORE) PTI
RSU
BSR


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