Profit-booking in index heavyweights clipped the four days' rally with the Bombay Stock Exchange's Sensex declining 130.66 points to close at 16086.83, while S&P CNX Nifty fell by 29 points to close at 4828.85. | |
| Among the Sensex stocks, Hindustan Unilever, ICICI Bank and Bharti Airtel were biggest losers while Tata Steel, HDFC and ITC were the biggest gainers on Wednesday. |
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| The breadth was extremely positive with advanced declined ratio (ADR) of 2:1 on BSE. The Mid-cap (up 1.56 per cent) and the small-cap (up 2.12 per cent) indices bucked the trend and ended the day with modest gains. |
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| Among the sectoral indices, metals, consumer durables and realty posted modest gains, while Bankex, healthcare and capital goods posted losses. |
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| "The index (Sensex) is likely to move in a narrow range and digest gains after the strong rise in the past four days,'' said Deven Choksey, chief executive officer at K R Choksey Shares & Securities to Bloomberg. It is likely to trade between 15,950 and 16,510 points," he said. |
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| ICICI Bank, the largest private sector bank by assets, declined after the stock's price target was cut by banking analyst at Goldman Sachs Group Inc. |
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