Early trade looked promising, but profit booking ate up gains and the market traded in the negative terrain for most of the session today. Sensex ended at 14,777, down 165 points from the previous close. Nifty shut shop at 4433, down 43 points. CNX Midcap and BSE Smallcap indices lost 0.3% each. Oil & gas and realty stocks saw some buying interest, while metal, consumer durables, and IT stocks dragged. Biggest losers on the Sensex included TCS, Tata Steel, Reliance Communications, SBI and ACC, while gainers were ONGC, DLF and RIL, among others
If the Nifty falls below 4350, then expect to see 4200-4150 also
The market opened good, but gave in to profit booking after an hour or so. Sensex ended the day at 14,754, down 187 points (provisional) from the previous close, and Nifty at 4427, down 49 points
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