The BSE benchmark Sensex pared some of the gains and slipped 45 points after topping the 20,000mark in the morning trade. It dropped to 19,861 points in the late morning deals. The wide-based National Stock Exchange also failed to sustain the 6,000 points mark and traded 18.60 points down at 5,962. Analysts said emergence of profit-booking by funds as well as retail investors mainly reversed the early gains.The Finance minister and the deputy chairman of planning commission today said Sensex crossing 20,000 mark reflects the strength of Indian economy. Mr. Pranab Mukherjee while expressing happiness said the fundamentals of Indian economy are strong though Sensex is little bit unpredictable.Talking to reporters in New Delhi, Mr. Montek Singh Ahluwalia said foreign institutional investors are investing in stock market as the Indian economy is growing fast.
News On AIR | September 21, 2010 12:17 PM
Sensex pares early gains