Sensex, Nifty fall on profit-booking after six-week gains

Stocks: After six weeks of gains including record-breaking run in November, the benchmark sensex fell nearly 236 points as investors opted for profit- booking at higher levels amid caution in the absence of definite trigger.
The week's most crucial event was the Reserve Bank of India (RBI) policy, maintaining the status quo on interest rate. The conditional cutting of rates in the near future failed to provide necessary impetus to investors minds.
Traders approach following Apex banks review was cautiously optimistic. The week also saw broader Mid-cap and Small-cap shares gaining upper-hand.
The market could not be brow-beaten further due to good FII buying of Indian stocks

Also news specific action on heavy-weights like ITC last week following government acceptance of ban on sale of loose cigarettes, reversed this week on hopes that the proposal could be put on hold.
The benchmark sensex resumed higher at 28,748.22 and hovered between a high of 28,809.64 and a low of 28,370.73 before closing the week at 28,458.10, witnessing a loss of 235.89 points, or 0.82 per cent.
The sensex had gained 2,585.66 points or 9.90 per cent in the last six weeks.
The CNX 50-share Nifty also lost 49.95 points or 0.58 per cent to conclude the week at 8,538.30.