MUMBAI: The BSE benchmark Sensex snapped its 5-day losing streak but failed to maintain initial sharp gains due to fag-end profit booking, mainly in power and capital goods sectors, and closed about 68 points up at 18,090.62.
Smart rise in heavyweights like RIL, ICICI Bank, TCS, Tata Motors and Bharti Airtel helped the Sensex rise.
As news of former Telecom Minister A Raja's arrest, along with his two former associates in connection with the 2G spectrum scam, filtered in, the market washed out major part of its early gains.
Initially, the Sensex shot up to a high at 18,306.00, up nearly 284 points, on fresh buying in Realty, Oil & Gas, Metal and IT on strong global cues.
However, fag-end selling pressure pulled it down to close at 18,090.62, showing a gain of just 68.40 points or 0.38 per cent from the last close.
In the last five straight sessions, the Sensex had tumbled 1,129.06 points or 5.90 per cent.
The NSE 50-issue Nifty also recovered moderately by 14.80 points or 0.27 per cent to end at 5,432.00 points.
Recently battered realty counters attracted good buying support at lower levels, resulting the sectoral BSE-Realty index rising by 51.24 points or 2.40 per cent and was the top gainer followed by refinery and tech segments.
However, power and capital goods were at the receiving end on profit-booking.
TOI
Smart rise in heavyweights like RIL, ICICI Bank, TCS, Tata Motors and Bharti Airtel helped the Sensex rise.
As news of former Telecom Minister A Raja's arrest, along with his two former associates in connection with the 2G spectrum scam, filtered in, the market washed out major part of its early gains.
Initially, the Sensex shot up to a high at 18,306.00, up nearly 284 points, on fresh buying in Realty, Oil & Gas, Metal and IT on strong global cues.
However, fag-end selling pressure pulled it down to close at 18,090.62, showing a gain of just 68.40 points or 0.38 per cent from the last close.
In the last five straight sessions, the Sensex had tumbled 1,129.06 points or 5.90 per cent.
The NSE 50-issue Nifty also recovered moderately by 14.80 points or 0.27 per cent to end at 5,432.00 points.
Recently battered realty counters attracted good buying support at lower levels, resulting the sectoral BSE-Realty index rising by 51.24 points or 2.40 per cent and was the top gainer followed by refinery and tech segments.
However, power and capital goods were at the receiving end on profit-booking.
TOI
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