Sensex falls to 2-week low on profit-booking in ICICI Bank, HDFC Bank, Reliance Industries shares

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The Sensex ended with a loss of 110.02 points, or 0.55 per cent, to close at 19,894.98. (Reuters) The Sensex ended with a loss of 110.02 points, or 0.55 per cent, to close at 19,894.98. (Reuters)
SummaryThe Sensex ended with a loss of 110.02 points, or 0.55 per cent, to close at 19,894.98.

an important resistance level in near term, Nifty may be seen consolidating in coming sessions," said Nidhi Sarswat, Senior Research Analyst, Bonanza Portfolio Ltd.

Globally, Asian stocks closed narrowly mixed with downward bias after US Federal Reserve meeting did not throw up any positive surprise yesterday.

Key benchmark indices in Hong Kong, Singapore and South Korea closed with losses while those from China, Japan and Taiwan finished with small gains.

However, European markets were quoting lower in their afternoon deals. The CAC was down by 0.62 per cent, the DAX by 0.24 per cent and the FTSE by 0.50 per cent.

Back home, 19 out of 30 sensex-based scrips closed with gains while others finished with losses. Tata Power dipped by 2.17 per cent, ICICI Bank 1.93 per cent, HDFC Bank 1.87 per cent, Bharti Airtel 1.52 per cent, RIL 1.39 per cent, HDFC 1.37 per cent, L&T 1.35 per cent, Maruti Suzuki 1.21 per cent, Jindal Steel 1.16 per cent and HUL 1.0 per cent.

However, gainers included BHEL (2.36 per cent), Sun Pharma (1.33 per cent), Hero MotoCorp (1.31 per cent) and Gail India (1.03 per cent).

From sectoral indices, the BSE-Bankex declined by 0.42 per cent and BSE-Oil&Gas by 0.42 per cent while BSE-Realty rose by 1.38 per cent and BSE-PSU by 1.02 per cent.

Despite fall in the Sensex and Nifty, he market breadth was almost stable following good buying in second-line stocks as 1,066 stocks closed with losses while 1,093 ended with gains. 791 scrips finished stable.

The total turnover was higher at Rs 2,377.98 crore from Rs 2,074.56 crore yesterday.

Foreign Institutional Investors (FIIs) bought shares worth Rs 906.36 crore yesterday as per provisional data from the stock exchanges.

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