Sensex falls marginally

Source: The Hitavada      Date: 29 Dec 2016 09:14:01


Dec 28,


THE Sensex wiped off all its gains Wednesday and fell marginally to end in the red at 26,211 as cautious investors took profit ahead of the monthly futures and options (F&O) contract expiry amid a mixed trend overseas. Volumes were thin during the session as most foreign investors are away on a vacation in a year-end holiday season and other participants chose not to create more bets.

The 30-share Sensex opened higher at 26,243.19 and advanced to hit a high of 26,415.05. But emergence of selling in the last one hour of trading pushed the benchmark into negative zone, which settled marginally lower by 2.76 points, or 0.01 per cent, at 26,210.68. Yesterday, the barometer had gained 406.34 points. In contrast, the 50-share NSE Nifty managed to close in the positive zone with a rise of 2 points, or 0.02 per cent, at 8,034.85. Intra-day, it hovered between 8,100.55 and 8,028.40. Oil major Reliance Industries emerged as big loser by plunging 1.15 per cent, followed by Tata Steel falling 1.13 per cent.