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Sensex ends 41 pts lower on profit-booking

Snapping a three-day gaining streak, the BSE Sensex fell over 41 points on Monday to 16,805.33 in volatile trading as investors booked profits, after strong gains made last week, despite a positive trend in global markets.

twitter-logo PTI   Mumbai     Last Updated: December 5, 2011  | 17:57 IST

Snapping a three-day gaining streak, the BSE benchmark Sensex fell over 41 points on Monday to 16,805.33 in volatile trading as investors booked profits, after strong gains made last week, despite a positive trend in global markets.

Metals, consumer durables, FMCG, realty and pharma stocks fell, while power and capital goods counters attracted buyers.

ITC, ICICI Bank, HDFC, HDFC Bank, RIL and Tata Steel fell on profit booking, while NTPC, Jaiprakash Associates, BHEL, SBI and Hindalco made gains.

Volatile Sensex may surge 16% next year

Brokers attributed profit-selling mood partly to market holiday tomorrow on account of "Moharum".

The Bombay Stock Exchange 30-share barometer fell to a low of 16,691.21intra-day amid mixed trend in the other Asian bourses. But strong openings in Europe helped the Sensex rebound. It closed the day at 16,805.33, down 41.50 points, or 0.25 per cent. In the last three-sessions, it had gained 838.49 points or 5.24 per cent.

The NSE wide-based Nifty also fell back by 11.00 points or 0.22 per cent to 5,039.15.

FIIs  continued to be net buyers and had picked up shares worth Rs 596.89 crore on Friday, as per the provisional data.

"Markets behaved in line with the global peers. After extremely good performance last week, the Sensex on Monday opened with a downward gap on global cues. Amid high volatility, Sensex remained under pressure throughout the session, witnessing profit-booking across major sectors," said Shanu Goel, senior research analyst, Bonanza Portfolio said.

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