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Sensex rolls back from record 21K

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Agencies

Posted: Jan 08, 2008 at 0000 hrs IST

Mumbai, January 8: The Bombay Stock Exchange benchmark Sensex crossed the crucial milestone of 21,000 points during intra-day before rolling back to nearly 20,873 level, still higher by more than 60 points over its previous close.

The Sensex, which crossed key landmark of 21,000 points in nearly 49 trading sessions, rolled back on some profit selling at existing higher levels and ended 60.68 points up at 20,873.33 compared to its yesterday's close.

The key-index touched the day's high of 21,077.53 and a low of 20,696.60 points.

The National Stock Exchange index Nifty too rose by 8.75 points to 6,287.85, after touching the day's high of 6,357.10 and a low of 6,221.60 points.

The major support to the market came in from oil and gas, which shot up by 76.97 points at 14,051.27 as the segment major Reliance Industries zoomed to record high levels.

The second best sector today was the capital goods which rose 64.36 points to 20,214.92. IT index firmed up by 49.32 points at 4,244.75 and teck index by 41.48 points at 3,905.16.

However, a heavy fall in metal index by 603.62 points to 19,538.34 pulled down the market from peaks. Consumer durable index also fell by 198.52 points at 6569.64 followed by PSU index by 186.79 points at 10,801.50.

A crack in the surging market developed after a steep fall in small cap and mid-cap stocks. The small cap index dropped by 459.06 points at 13,516.13 and mid-cap by 285.16 points at 9,817.07.

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