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Sensex loses 44 points in listless deals
MUMBAI:
The stock market snapped a seven-day long gaining string and the sensex ended 44 points down on Monday in listless activity due to profit booking by operators amidst slow down in purchases by domestic funds and negative foreign institutional investment activity. The BSE benchmark 30-share Index opened weak at 6697.15 and later fluctuated in a small range of 6724.99 and 6642.61 before ending at 6663.55 as against last Friday's close of 6707.72, a net fall of 44.17 points or 0.66 per cent.
The BSE barometer had witnessed continued rally from May 19 onwards gaining by 260.72 points or 4.04 per cent. Operators and retailers seemed to be cautious at the prevailing higher price levels and preferred to book profits in the light of relatively lower net purchases by local funds. Indian financial institutions reported net purchases of Rs. 765 crore in equity in the first four trading sessions last week.
PTI
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