STAFF WRITER 16:19 HRS IST
Mumbai, Jan 28 (PTI) The Bombay Stock Exchange benchmark index Sensex today pared early gains and closed almost flat, as worried funds booked profit after the latest food inflation data further fuelled their fears that the RBI may tighten key policy rates tomorrow.
The 30-share index, which had lost 1,351 points in last six straight sessions of losses, surged to 16,524.69 before ending with a moderate gain of 17.05 points at 16,306.87.
Foreign funds selling to clear their positions on expiry of the January contracts in derivatives segment and investors refraining from buying ahead of the monetary policy tomorrow mainly kept the stocks fluctuating throughout the session.
The National Stock Exchange index Nifty 50, however, fared better with a gain of 14.15 points to 4,867.25, after touching the day's high of 4,929.90.
Food inflation rose to 17.40 per cent for the week ended January 16 from 16
Mumbai, Jan 28 (PTI) The Bombay Stock Exchange benchmark index Sensex today pared early gains and closed almost flat, as worried funds booked profit after the latest food inflation data further fuelled their fears that the RBI may tighten key policy rates tomorrow.
The 30-share index, which had lost 1,351 points in last six straight sessions of losses, surged to 16,524.69 before ending with a moderate gain of 17.05 points at 16,306.87.
Foreign funds selling to clear their positions on expiry of the January contracts in derivatives segment and investors refraining from buying ahead of the monetary policy tomorrow mainly kept the stocks fluctuating throughout the session.
The National Stock Exchange index Nifty 50, however, fared better with a gain of 14.15 points to 4,867.25, after touching the day's high of 4,929.90.
Food inflation rose to 17.40 per cent for the week ended January 16 from 16
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