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Our Bureau

Mumbai , April 21

After four bullish days the stock market paused for breath conceding a minor fall even as the benchmark BSE Sensex stayed 793.07 points above last week's close. On Friday, the Sensex wound up 9.25 points lower at 12,030.30.

At the BSE, 1,418 stocks ended lower while 1,065 stocks closed higher. NSE's S&P CNX Nifty index also remained flat at 3,573.05 points, compared with the previous close of 3573.50.

Most indices including the broadbased BSE-100 (6,226.21, down 0.11 per cent) and BSE-500 (4767.80, down 0.01) ended in negative territory. However, the BSE MidCap and BSE SmallCap indices gained to close in positive territory.

Dealers said selling in Reliance Industries Ltd (RIL) saw the index heavyweight lose Rs 20.60 (or 2.07 per cent) to Rs 974.30, compared with Thursday's closing price of Rs 994.90. "It was expected that RIL shares would go down today, after the close of the Reliance Petroleum's IPO last night," a dealer said. The IPO was subscribed by over 52 times with an order book of Rs 1,43,500 crore.

FIIs stay net sellers

Provisional data by NSE showed that foreign funds were net sellers to the tune of over Rs 122.61 crore on Friday. The day before, they had been net buyers for Rs 224.90 crore. FIIs remained net sellers for over Rs 1,571 crore during the month.

Related Stories:
12,000: In double quick time
Sensex scores new high, goes up 282 points
Sensex gains 300 on fund buying

More Stories on : Stock Markets | Stock Markets

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