Sensex falls after nine sessions

After rising for nine consecutive sessions during which the sensex added over 1,200 points, or 7.1%, the index finally witnessed profit taking on Tuesday, closing 46 points lower at 18,496. The session was marked by strong selling in index heavyweights Reliance Industries and TCS, although foreign investors continued to buy.

Market players said now that the government has taken some tough decisions despite opposition from within the ruling alliance as well as outside , further gains in the market would come only if it sticks to its decisions and implements them. The day's session started with the sensex marginally lower, but it soon rallied closer to the 18,600 level.

However, profit booking emerged at higher levels and pulled the sensex below 18,500 and it settled closer to its intra-day low.  The lower closing came despite strong support from FIIs with data from the bourses showing a net inflow at Rs 1,049 crore.

The day's inflows took the month's total net FII buying figure to close to Rs 9,000 crore, or $1.6 billion. Interestingly , however, domestic institutions have remained major sellers in the market, recording a net outflow of about Rs 3,350 crore. Via

====================================================================================

You can contact us for any help in trading Commodities, stock and futures. We are the leading brand in providing high quality trading tips for commodities, equities and futures. Complete broker franchise available here and our charges are very low.


Call us at 9872444433, 0161-4413274, 0161-4621433 for more details and for free trials and amazing offers for traders. Join us and become a professional trader.  

Official  Website: Dhansukh.Com
Email & Messenger: Investwithme@yahoo.in  

====================================================================================

Posted in: commodity news,market news,trading news