Mkts close positive on profit-taking
Mkts close positive on profit-taking
Markets managed a positive close on sustained buying by foreign as well as domestic funds in blue-chip stocks.

Mumbai: The benchmark Sensex closed down by 33.04 points on the Bombay Stock Exchange on profit-taking by retailers.

The Sensex touched a high of 10,800.11 points before settling 33.04 points down at 10,662.22.

Similarly, the National Stock Exchange index Nifty closed down by 12.30 points at 3138.65, after touching a high of 3177.40 points.

Markets surged on sustained buying by foreign as well as domestic funds in blue-chip stocks.

Stockbrokers said firming trends in global markets triggered buying in blue-chip stocks by foreign funds. Similarly, the second wide-based National Stock Exchange index, Nifty rose by 25.15 points at 3,176.10 points.

The major support to the market came from stocks like Reliance Industries, Larsen and Toubro, Infosys Technologies, Satyam Computer, Tata Consultancy, Wipro, Grasim Industries, BHEL, Tata Motors, Tata Steel, State Bank of India, HDFC Bank, ACC and Gujarat Ambuja Cement.

The markets opened in positive terrain taking cues from its strong Asian peers.

Dow Jones closed higher, it rose 77.80 points, or 0.7 per cent, to 11,228.02.

Asian markets were trading higher.

While, the Nikkei share average rose 0.71 percent Singapore's Straits Times also advanced 6.86 points or 0.28 per cent at 2,445.12. Also, Taiwan Weighted moved up 67.94 points or 1.01 per cent at 6,786.44.

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