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Sensex ends on a steady note, down by 10.77 points

Posted on Nov 23, 05:44PM | UNI

Snapping the two days upward trend, the benchmark Index of the Bombay Stock Exchange (BSE) today ended the choppy session on a steady note, down by 10.77 points, at 18506.57 ,due to profit booking across the counter, amid political logjam after the Lok Sabha was adjourned today and ahead of an all-party meeting on FDI convened by government on Monday.

Earlier in the day, market remained volatile swinging between the red and the green. investor sentiment weakened as both the Houses of Parliament had to be adjourned due to uproar over FDI in retail and SC/ST quota Bill.

The Nifty of the National Stock Exchange (NSE) eased by 1.15 points to 5626.60.

The Sensex registered the day's high and low at 18,56.50 and 18,402.38 points respectively.

The Nifty registered the day's high and low at 5,637.75 and 5,593.55 points, respectively.

The broader markets too regained some of its lost ground. The midcap and the smallcap indices where flat with a positive bias, up 0.06 percent and 0.20 percent respectively, outperforming the BSE benchmark index which closed flat with a negative bias.

The market breadth, indicating the overall health of the market, was weak. On BSE, 1,510 shares fell and 1,369 shares rose. A total of 140 shares were unchanged.

From the 30-share Sensex pack, 17 stocks fell while the rest of them fell.

The turnover on BSE amounted to Rs 2092 crore, higher than Rs 1923 crore on Thursday.

In Asia, shares rose today and were on course for a weekly gain of more than 2.5 percent, their best in two months, after manufacturing surveys from the world's biggest economies raised hopes that the global growth outlook is improving at last.

Among the major markets, Nikkei was shut for the day. Shanghai Composite, Hang Seng, KOSPI Composite and Taiwan Weighted were the notable gainers adding between 0.6-3 percent European stock markets were mixed on Friday in a day of choppy trading as a testy European Union (EU) budget summit was set to reconvene later in the morning. DAX and FTSE were up 0.1-0.2 percent while CAC was flat with a negative bias.