Sensex snaps 4-session rise,down 120 pointshttps://indianexpress.com/article/news-archive/web/sensex-snaps-4session-rise-down-120-points/

Sensex snaps 4-session rise,down 120 points

The BSE benchmark Sensex on Friday retreated from six-week high levels to close 120.13 points lower at 19,286.72,snapping a four-session rise

The BSE benchmark Sensex on Friday retreated from six-week high levels to close 120.13 points lower at 19,286.72,snapping a four-session rise,hit by profit-booking in RIL,ICICI Bank,HUL and SBI shares amid a weak global trend.

Shares of realty,IT,refinery,banking,metal and power sectors declined as investors adopted a cautious stance and sectoral indices ended lower in 1.20-2.20 per cent range.

The Sensex resumed lower at 19,376.00 and hovered in a range of 19,384.95 and 19,249.75 before ending at 19,286.72,showing a loss of 120.13 points or 0.62 per cent from its last close.

It gained 675.69 points,or 3.61 per cent,in past four trading sessions.

The NSE 50-share Nifty dropped by 44.85 points or 0.76 per cent to 5,871.45.

“Markets ended the week with losses as various large stocks witnessed profit booking. IT sector was particularly impacted because of the concerns on the provisions of Immigration Bill tabled in the US Senate,” said Dipen Shah,Head of Private Client Group Research,Kotak Securities.

Download the Indian Express apps for iPhone, iPad or Android