Mumbai: The BSE Sensex on Thursday slipped by 167.36 pts to settle at 49,624.76
High volatility was witnessed during the day, as the BSE sensex was on top, touching 50K level to 50,096.57 up by 304 pts in opening trade. During the day it was rallied by 390 pts to 50,184, days high.
The 30-share sensitive index Sensex of the BSE closed down 167.36 points, or 0.34 percent, at 49,624.76 points. The National Stock Exchange’s Nifty also fell by 54.35 points, or 0.37 per cent, to close at 14,590.35.
Earlier, the Sensex crossed the psychological level of 50 thousand points for the first time, jumped 304.45 points and opened at 50,096.57 and climbed to 50,184.01.
The market gained momentum due to positive signals from abroad, but in the last hour, investors booked profit-booking, which led to the market closing down. Banking, finance, telecom, oil and gas, metals and health groups saw higher sales in companies.
Investors also sold in medium and small companies. The BSE midcap fell 0.88 percent to 18,988.32 points and the smallcap fell 0.68 percent to 18,615.10 points.
ONGC shares fell four per cent in the Sensex. Bharti Airtel and State Bank of India were down two and a half percent each. IndusInd Bank and NTPC shares lost more than two percent. Bajaj Finance and Bajaj Auto were up more than two and a half percent. Reliance Industries shares also rose more than two per cent.
