Stock Market Updates for Today (6th July '11)
Shrugging off a weak start, the market rallied smartly in early trades this morning, resulting in the Sensex recording a gain of nearly 80 points, but faltered soon as cautious investors chose to book some profits in several front line stocks.
There were a couple of rallies from lower levels, but the market failed to sustain at higher levels and eventually finished in negative territory, hurt by weakness exhibited by stocks on the European bourses following a downgrade of Portugal's sovereign ratings.
The Sensex, which rose to 18,823.45 during the first hour, eased to 18,682.60 and finally settled at 18,726.97, recording a loss of 17.59 points or 0.09%. The Nifty index of the National Stock Exchange closed at 5625.45, netting a loss of 6.65 points or 0.12%. The Nifty touched a high of 5655.40 and a low of 5610.75 during the day.
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