Sensex ends lower by 51 points

Mumbai: Bucking the global trend, the BSE benchmark sensex snapped its last 5-day winning spree by slipping 51 points due to fag-end selling pressure from operators.

The BSE benchmark sensex resumed higher at 16,804.89 and shot up further to a one-month high at 16,893.51, but it declined afterwards on profit-booking to 16,627.48 before concluding the day at 16,668.01, showing a loss of 50.86 points of 0.30 per cent. It had gained by 753.71 points or 4.72 per cent in the last week.

Market opened on a positive note on easing of euro-zone worries after finance ministers of the euro-zone nations, in a emergency conference call last week, agreed to lend Spain up to 100 billion euros to stabilise its banks. Shares of Capital Goods, Healthcare, Realty and refinery declined on selling pressure while Consumer Durable and FMCG firmed up moderately on mild buying enquiries.

Foreign institutional investors (FIIs) bought shares worth a net Rs 202.01 crs on last Friday as per provisional figures from the stock exchange. Asian stocks surged after news of a plan to shore up Spanish banks, the source of much recent global financial anxiety. Key benchmark indices in China, Hong Kong, Japan, South Korea, Taiwan and Singapore rose by between 1.07 pct to 2.44 pct.