Sensex down 97 points; Nifty falls to 9857

Sensex closes at record high crosses 32,000

Sensex closes at record high crosses 32,000

The 50-issue Nifty crossed the 9,900 level for the first time by gaining 21.60 points, or 0.21 per cent, to trade at an all-time high of 9,913.30, within striking distance of 10,000. On Thursday, the index breached the 32,000-point-mark for the first time.

According to market observers, heavy selling pressure in index heavyweights such as Tata Consultancy Services, Tata Steel and ITC pulled the indices lower.

Soon after retail inflation hit a record low, Chief Economic Advisor Arvind Subramanian had said there had been a "paradigm shift" in inflation trajectory and that has been "missed by all".

On closing-basis, the NSE Nifty set a new high to settle at 9,891.70 points - up by 75.60 points, or 0.77 per cent.

BSE Sensex shed 16 points to close the day at 32,020.

"Markets ended with marginal losses on Friday due to profit booking ahead of the weekend".

The decline in profit comes when the Indian IT sector is battling protectionist regulations in most of the markets it outsources work to. "European indices like DAX, CAC 40 and FTSE 100 traded higher".

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On the currency front, the rupee closed flat at 64.45 to a USA dollar.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 361.25 crore yesterday, PTI reported.

"Nifty, Sensex closed flat for Friday".

The Nifty has rallied 225.90 points, or 2.33 per cent, in four straight days of gains.

"Top gainers in the NSE were Auro Pharma, Gail, ACC, NTPC and Infratel, while the losers were IOC, TCS, Wipro, Tata Motors and Tata Motors (DVR)", he added. On the other hand, healthcare index was up 0.93 per cent and consumer durables 0.08 per cent.

USA stocks rose overnight and Treasuries fell as oil prices extended gains for a fourth straight session and investors digested new economic data on jobless claims and producer prices.

This is published unedited from the IANS feed.

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