The market lost sheen in last hour of trade especially
after the Supreme Court order on coal block allocation case. The Sensex rallied
more than 200 points intraday to hit a new high of 26630.74 but failed to
maintain those gains, up 17.47 points to 26437.02 at close.
Nifty too erased
all its gains but managed to hold the 7900 leve, down 6.90 points to 7906.30.
About 1399 shares have advanced, 1619 shares declined, and 74 shares are
unchanged. Metals, power, banks and realty stocks saw major selling pressure
while defensives like FMCG and IT supported the market.
The market erased more than half of gains in last hour of
trade due to sharp fall in metals and banks stocks. The Sensex rose
51.47 points to 26471.02 and the Nifty advanced 6.25 points to 7919.45.
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