Sensex snaps 3-session rally, down 17 pts

Mumbai: In a dull trading, the benchmark sensex today snapped its three session of gaining string on fag end selling mainly in key heavyeights and fell back by a mere 16.90 points to settle at 17,301.91, barring firm Asian cues amid mixed European advices.

Tata Motors was the top loser from the sensex pack with a fall of 3.82 per cent following decline in sales in April 2012 and was the major contributer to the sensex fall. Company yesterday reported seven per cent decline in sales during the April 2012 over the same period last year. Sales of its small car Nano fell 20 per cent last month.

Besides Tata Motor, ITC, L&T, ONGC, Maruti Suzuki, Tata Power, Bajaj Auto, Coal India and NTPC also ended with marked to moderate losses while HDFC Bank, TCS, HUL and Bharti Airtel attracted good buying support and cushioned the sensex fall to some extent. Auto, power and capital goods stocks suffered losses while some of the consumer durable, tech and IT counters were in demand.

The Bombay Stock Exchange 30-share barometer resumed higher on firm Asian trends and remained in positive terrain in a narrow breadth till fag-end but selling in last nearly fifteen minutes pulled the sensex down to settle at 17,301.91, exhibiting a small fall of 16.90 points or 0.10 per cent. In last straight three trading sessions, it had risen by 188.14 points or 1.1 per cent. Similarly, the NSE broad-based 50-issue Nifty also eased by 9.00 points or 0.17 per cent to 5,239.15.

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