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Sensex ends 140 points down despite positive global cues

Finally the profit booking stepped in - the benchmark Sensex shed nearly 140 points on Friday despite positive global cues. Overall it was a consolidation week for the markets after the sharp rally seen in previous two weeks.

April 08, 2011 / 16:47 IST

Finally the profit booking stepped in - the benchmark Sensex shed nearly 140 points on Friday despite positive global cues. Banking, oil & gas, realty, metal, power, auto and technology companies' shares dragged the market down today.

Profit booking was due as the market looked overbought after the rally, says, Mitesh Thacker, Technical Analyst. The fall, he believes, probably will end up somewhere around 5780-5750 where the short-term averages are placed. "That

first published: Apr 8, 2011 04:01 pm

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