In choppy trade on Tuesday, the Bombay Stock Exchange benchmark Sensex ended with a moderate loss of 3.67 points as market participants indulged in booking profits a day after the market jumped 6.4 per cent, its biggest one-day surge in seven months.
In choppy trade on Tuesday, the Bombay Stock Exchange benchmark Sensex ended with a moderate loss of 3.67 points as market participants indulged in booking profits a day after the market jumped 6.4 per cent, its biggest one-day surge in seven months.
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The Sensex, which gained nearly 731 points in the previous day's trading, moved between 12,197.88 and 11,985.88 before ending with a small loss of 3.67 points at 12,131.08.
However, the 50-share National Stock Exchange index Nifty moved between 3,682.20 and 3,618.75, and ended 7.90 points higher at 3,661.90.
The market moved on a cautious note as investors took a pause after the rise of 1,133 points in the last two trading sessions.
Major market players also looked to capitalise on recent gains and lock in profits before the general election results are announced.
Market sentiment turned bearish as shares in the FMCG, IT, teck and refinery sectors recorded heavy losses.
Selling pressure was at the counters of Reliance Industries, Infosys, Tata Consultancy Services, State Bank of India and Housing Development Finance Corp. The four together carry nearly 37 per cent weight in the Sensex.
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