Sensex falls by 50 pts; snaps six-day rally

Mumbai, Sep 14 (PTI) Snapping the six-day rally, the
Bombay Stock Exchange benchmark Sensex Monday fell by 50
points as investors sold shares to book profits at existing
high levels amid weak global trends.

The 30-share BSE barometer, which had gained 865 points
in last six trading sessions, fell by 50.11 points to close at
16,214.19 points.

The wide-based National Stock Exchange index Nifty fell
by 20.95 points to 4,808.60 points, after touching a low of
4,786.25 points.

Marketmen said a surge in the Sensex in last six trading
sessions pushed up stocks to dizzy heights and attracted
profit selling.

A weak Asian trend and a lower opening in Europe also
impacted the market sentiments, they added. Japan's Nikkei,
Hong Kong's Hengsang and Singapore's Straight times were down
up to 2.25 per cent.

The consumer durable index suffered the most losing 1.06
per cent to 3,338.58 points. The realty sector index lost 0.79
per cent to 4,213.44 points.

The Sensex-heaviest, Reliance Industries, gained 0.28 per
cent to Rs 2,146.95, averting any major fall in the index. The
second heaviest Infosy Technologies lost 0.68 per cent to
Rs 2,250.55.

The metal sector index lost 0.14 per cent to 13,440.18
points as Sterlite slid 3.55 per cent to Rs 719.45 after
reports that copper in overseas markets fell by five per cent.

Hindalco Industries, the biggest aluminium producer,
dipped 2.46 per cent to Rs 121.10.

The teck index rose by 0.55 per cent to 3,134.93, the
capital goods index by 0.55 per cent to 13,198.59, the IT
index by 0.33 per cent to 4,354.30 and the FMCG index by 0.24
per cent to 2,505.84.

Auto, PSU, Bank and oil and gas indices rose up to one
per cent and saved the market from any major fall.

With the buying activity turned stock specific, the
small-cap index rose by 0.46 per cent to 7,133.66 points and
the mid-cap index by 0.15 per cent to 5,930.38 points. PTI RS
DDC