Golden Investment Research Private Limited
Market snaps five-day winning streak; aviation shares take off
Date : 07.02.2012
Key benchmark indices snapped a five-day winning streak as weakness in European shares triggered on profit taking on the domestic bourses after recent strong rally in share prices, which was driven by heavy buying of Indian stocks by foreign institutional investors (FIIs). The barometer index, BSE Sensex, lost 84.86 points or 0.48%, off about 210 points from the day's high and up close to 40 points from the day's low. The market breadth was negative.
The Sensex had jumped 844.01 points or 5% in five trading sessions to settle at 17,707.31 on Monday, 6 February 2012, from a recent low of 16,863.30 on 30 January 2012. The Sensex has surged 2,167.53 points or 14.027% in calendar 2012 so far. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,486.59 points or 16.42%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,188.69 points or 11.04%.
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