Sensex ends lower by 33 pts in range-bound trade

STOCKS-CLOSE

Mumbai, Dec 23 (PTI) The BSE benchmark Sensex fell for
the second day on Thursday losing 33 points on profit booking
by investors amid a mixed trend in overseas markets.
The Bombay Stock Exchange barometer Sensex ended lower by
32.92 points to 19,982.88 points in a range bound trade. The
benchmark had lost 44 points on Wednesday.
Similarly, the broad based National Stock Exchange index
Nifty fell by 4.40 points to 5,980, after shuttling between
6,006.45 and 5,964.60 points.
Investors adjusting their portfolios and a divergent
trend in global markets ahead of the year-end festive holidays
mainly influenced the trading sentiment, marketmen said.
In the wake of a slow-down in foreign funds activity, the
domestic funds refrained from enlarging their positions in a
worthwhile manner amid a rise in food inflation to double
digits at 12.13 per cent for the week ended December 11 from
9.46 per cent in the previous week.
The Asian stock markets were mixed with traders winding
down for the Christmas and New Year holidays, while an upgrade
the US economic growth provided some cheer. The Japanese
markets were closed for a public holiday.
The consumer durable sector index suffered the most
losing 1.11 per cent to 5,998.37 followed by the metal sector
index which lost 0.97 per cent to 17,040.92. The realty sector
index lost 0.89 per cent to 2,743.87 and capital goods sector
index by 0.88 per cent to 15,093.12.
The down-trend was capped following a rise in bank, IT,
healthcare and teck stocks.
State Bank of India rose by 0.15 per cent to Rs 2,749.15
and HDFC Bank by 0.41 per cent to Rs 2,188.40 on expectations
the growing economy might help demand for fresh loans.
The IT major and second most-heaviest Infosys Technology
rose by 0.77 per cent to Rs 3,362.50 on
hopes the rise in
global economy would boost revenue of software exporting
companies.
Helped by a firm crude oil prices, market leader Reliance
Industries gained 0.10 per cent to Rs 1,058.15. The oil prices
climbed near a two-year high on an unexpected surge in global
demand that has fueled the biggest drop in the US crude
stockpiles in more than a decade.
As the investors interest shifted to front-runner
fundamentally strong stocks, the midcap sector index declined
by 0.23 per cent to 7,608.33 and smallcap index by 0.13 per
cent to 9,324.54. PTI RS
RCJ


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