Sensex dips below 20K mark; Nifty below 6K

MUMBAI: A day after scaling the 20,000-mark, stock market benchmark Sensex fell from its high level and ended about 60 points down as investors preferred to book profit amid weak global cues. Snapping a three-day consecutive rally, the Bombay Stock Exchange’s 30-share index closed lower by 59.83 points, or 0.30 per cent, at 19,941.72 points,

with most of the losses coming in from RIL, L&T and IT pack. Markets had regained the 20,000-mark on Tuesday after a gap of 32 months on persistent fund flows. Even on Wednesday, the key index rose to a high of 20,105.54 points in early trade but failed to hold on to gains till end due to mild profit-booking.
The wide-based index of the National Stock Exchange, Nifty, also slipped below the 6,000-level and finished at 5,991 points, down by 0.30
per cent.
Reliance Industries, which holds the maximum weight in the Sensex, declined for another day and ended 1.4 per cent down at Rs 1,017.70. Engineering major L&T dropped 2.18 per cent, RCom 2.3 per cent, Bharti Airtel 1.5 per cent and ICICI Bank 0.42 per cent.
TCS was down 1.73 per cent and Infosys 1.53 per cent. With a loss of 2.6 per cent, Jaiprakash Associates was the worst performer in the Sensex pack. DLF declined 1.74 per cent.