Benchmark indices, the Nifty and the Sensex, ended the day in the red. This was on the back of weak global cues and uncertain political developments.

The Nifty closed at 5,554, down 46 points while the Sensex closed at 18,349, down 147 points.

“After a weaker Chinese and French data, investors opted to book some profits in the one of the strongest rally witnessed recently over all world indices. Political derangement also rooted the bearish sentiment. Nifty has been showing selling pressure particularly from last trading sessions. Most of the fall is also on account of investors booking profits after substantial gains in their long positions,” said Nidhi Sarswat, Senior Research Analyst, Bonanza Portfolio

Metal index was up by 2.28 per cent, followed by Capital Goods and Power indices.

Bajaj Auto, TCS and ONGC were the top three gainers, while BHEL, GAIL and Coal India were the top three losers.

(This article was published on September 20, 2012)
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