Mumbai: The benchmark S&P BSE Sensex snapped its four-day winning spree, slipping over 76 points to 27,789.40 in late morning trade after hitting all-time high of 27,969.82 due to mild selling pressure in auto and consumer durable sectors.
The Sensex resumed higher at 27,943.04 and firmed up further to an all-time high of 27,969.82 on initial strong buying in view of good foreign capital inflows. However, it declined afterwards to 27,789.40 at 1100 hours, showing a loss of 76.43 points, or 0.27 percent, from its last weekend’s level.
Asian stocks were trading mixed in the early trade. Key benchmark indices in China, Singapore and Taiwan rose 0.4-0.47 percent while indices in Hong Kong and South Korea fell by 0.23-0.55 percent. Stock market in Japan was closed for a holiday.
US stocks jumped last Friday, sending benchmark indexes to records, as an unexpected boost in stimulus from Bank of Japan spurred optimism in the global economy.
Bureau Report
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