Five-day rally ends

STOCK REPORT

Key indices snapped their 5-day rally to end in the negative territory on Friday. However, they managed to recover from the day's lows.

Dealers said investor interest was down, on Friday being the last session of the week and also a half-yearly closure for banks, which affected liquidity in the system. Both the indices gained 5 for the week.

The Bombay Stock Exchange's 30-share Sensex ended at 8634.48, down 15.69 points, or 0.2 per cent, from Thursday. Its day's low was 8527.38.

The National Stock Exchange's 50-share Nifty closed at 2601.40, down 9.80 points, or 0.4 per cent. It's intra-day low was 2567.75.

It is significant that the Nifty closed above the 2600-mark for the second time in its history after first breaching that mark on Wednesday. The indices were in the positive territory for a short span in early trade, but then slipped into negative territory.

Dealers said profit-booking led to the weakness in the indices.