After remaining in the positive zone in early trade, the BSE Sensex on Friday succumbed to mid-way profit booking and lost more than 35 points
UPDATED AT 4:56 PM
MUMBAI: After remaining in the positive zone in early trade, the Bombay Stock Exchange benchmark Sensex on Friday succumbed to mid-way profit booking and lost more than 35 points.
The 30-share index, which surged by 82.36 points in early trade, fell back to close 35.04 points down at 14,182.71 on selling by funds in heavy-weight blue-chip stocks.
Earlier, it moved between 14,300.11 and 14,067.52 points.
The second wide-based National Stock Exchange index, Nifty also fell by 18.90 points at 4,090.15, after touching the day's high of 4,137.15 and a low of 4,058.35.
Bucking the trend, Reliance Industries' stocks continued to rise on the back of strong earnings in the third quarter and surged to a record high of Rs 1,428 at the outset but profit-taking, trimmed gains and ended at Rs 1,380.25, still up by Rs 13.25, or nearly 1 per cent.
MUMBAI: The benchmark BSE Sensex shot up by 82 points in early trade on Friday and touched the 14,300 points level due to sustained buying by funds on the back of good third quarter results of Reliance Industries Ltd.
The BSE-30 share index, which had gained 86.41 points on Thursday, was up by another 82.36 points at 14,300.11 in the first five minutes of trading.
Similarly, the Nifty index on the wide-based National Stock Exchange rose by 28.10 points at 4,137.15.
Stock brokers said Reliance Industries stocks continued to remain centre of brisk activity after company posted strong earnings for the third quarter.
Shares of RIL, which reported a 58 per cent jump in net profit to Rs 2,799 crore in the quarter that ended December 31, zoomed to record high of Rs 1,428 on aggressive buying.
Other index-related stocks stocks too were in positive zone with sizeable gains.
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