Market flips on profit-booking

The market witnessed profit-booking in heavy weights amidst a tinge of volatility as the benchmark.

The market witnessed profit-booking in heavy weights amidst a tinge of volatility as the benchmark S&P CNX Nifty lost 18.40 points at the National Stock Exchange

(NSE).

The 50-share index traded in range between a high of 5,659.85 and a low of 5,612.30 before ending at 5,632.10,a modest loss of 18.40 points,or 0.33 per cent,from its previous close. Market commenced on a soft note with lack of any major support from global market as it traded in narrow range despite strong FII’s buying yesterday. Selling pressure was witnessed in heavy weights particularly RIL and BHEL dragging the key index to trade lower most of the day.

Meanwhile,buying was witnessed in select banking,technology and auto counters that were quiet supportive for bourses.

Profit taking was also seen in oil & gas,fmcg,capital goods and pharma.

BHEL,Cairn,Reliance,Hindalco,ITC,IDFC,Rcom,Power Grid,DLF and Siemens were the top losers from the Nifty.

However,Ranbaxy,Grasim,M&M,Reliance Capital,SAIL,BPCL,ACC,HCL Tech,SBIN and Sesa Goa registered good gains. Turnover in cash segment rose to Rs 10,752.34 crore from Rs 9,965.78 crore yesterday. A total of 5,770.26 lakh shares changed hands in 50,26,589 trades. The market capitalisation stood at Rs 66,11,655 crore.