The Left rhetoric once again played spoilsport for the capital markets on Monday, ahead of a key Indo-US nuke deal meeting on Tuesday. The Left?s decision not to budge from its stand on the pact virtually put the breaks on the 30-share Sensex?s rally, which was only 17 points away from breaching the 18,000-mark.
After opening firm in line wirh the strong Asian markets, the Sensex started receding as profit booking emerged and ended the day with significant losses. The Sensex opened on a high note at 17,901.94 and went on to touch an all-time high of 17982.59, just 17.41 points short of 18,000-mark in early morning trade. During intra-day session, it lost 660 points to touch a low of 17,322.14 points. With buying emerging at lower levels, especially in frontline IT counters, the Sensex closed the day at 17,491.39 points, down by 281.97 points or 1.59%. On the other hand, the Nifty ended the day at 5,085.10 points, losing 100.75 points or 1.94%. A dealer with a domestic brokerage firm said that in spite of strong global cues, the possibility of a mid-term poll loomed at the Centre, creating negative sentiments on the bourses.
