Profit-booking today pulled the Sensex down by 22 points to close at 27,090.42 on losses in capital goods, refinery, realty and auto sectors, but recent gains helped the BSE benchmark log its sixth straight week of gains, the longest winning run in over two years. The 30-share BSE Sensex resumed on a better note and rallied further to a high of 27,247.17, up by 135 points, on the back of firm Asian trends prompted by overnight rally on Wall Street. Soon after, however, it met with strong resistance at higher levels and fell back to settle at 27,090.42, a minor fall of 21.79 points or 0.08 %.
""Markets continued to move in a narrow range after witnessing high intraday volatility earlier during the day where key indices alternately swung between positive and negative zone," said Jayant Manglik, President-retail distribution, Religare Securities. In previous two days, Sensex had flared up 619.70 points or 2.34 %, which helped the Sensex on a weekly basis gain 29.37 points and register sixth straight week of rise. Meanwhile, the wide-based 50-issue CNX Nifty of the NSE added 6.70 points, or 0.08 %, to end at 8,121.45. Country's largest software services exporters, TCS, was the top gainer from the Sensex pack with a rise of 2.71 % after Moody's Investors Service upgraded ratings of half a dozen Tata Group firms.
Other Tata group companies like Tata Elxsi, Tata Global Services, Tata Investment Corp, Tata Metaliks, Tata Sponge, Tata Teleservices closed up between 2.21-13.58 %. Fall in the heavyweights like L&T, ONGC, RIL, SBI, HUL, M&M and Hero MotoCorp mainly weighed on sentiment. However, some IT and pharma counters attracted good buying interest and restricted the fall. Globally, Asian stocks closed higher between 0.04 per cenr and 1.58 % following the US stocks ending strong after data showed fewer Americans filed for jobless claims lifting US benchmark indices to record highs.
European markets too were quoting firm in their late morning deals as Scotland voted to reject independence from the UK. The CAC (France) was up by 0.48 %, the DAX (Germany) by 0.81 % and the FTSE by 0.62 %
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