Sensex declines 51 points

Bulls kept away from Dalal Street for the second consecutive day. Profit-booking took centrestage on the bourses, pulling the Sensex below the 6,800-level on Friday.

The Sensex lost 50.54 points for the day to settle at 6,781.99. The S038;P CNX Nifty shed 12.60 points or 0.6 per cent to 2,090.60. At its closing of 6,781.99, the Sensex lost 101.68 points from the day8217;s high of 6,883.67.

The Sensex had spurted 51.14 points in early trade to a high of 6,883.67 compared with Thursday8217;s closing of 6,832.53. This was largely because of the latest FII investment figures, which showed that FIIs had once again stepped up buying.

FIIs bought shares worth a net Rs 292.80 crore on Wednesday June 8. The inflow was much higher than Rs 76.40 crore and Rs 87.70 crore recorded in the previous two trading sessions June 6 and 7. But for the gains in index heavyweight RIL, the fall in the Sensex would have been higher.