Millennium Post

Sensex snaps 9-day rally, ends 54 points down to 27,086

The 30-share barometer fell below 27,000 level to intra-day low of 26,972.39 points at mid-session, down by 167.55 points. Later, heavy buying by foreign funds helped the Sensex trim some losses and it settled at 27,085.93, yet showing loss of 54.01 points, or 0.20 per cent.

In the longest straight nine-session winning streak of the year 2014, the index had zoomed by 825.65 points or 3.14 per cent.

The broader 50-issue Nifty of the NSE fell below 8,100 points level to close at 8,095.95, a loss of 18.65 points or 0.23 per cent over yesterday. The Nifty had gained 209.85 points or 2.65 per cent in last five sessions.

‘Weak global cues and rise in crude oil prices dampened market sentiment, which led to selling pressure across sectors,’ Bonanza Portfolio Senior Vice President Rakesh Goyal said. Shares of realty, metal, capital goods, IT and banking declined. BHEL was the biggest Sensex loser, plunging by 4.44 per cent, while Hindalco declined by 3.40 per cent.

DLF tanked 8.60 per cent after the Punjab and Haryana High Court set aside the state government's decision to allot 350 acres of land in Gurgaon to the realty major in 2010.
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