BSE Sensex was trading firm in a special live trading session held by the bourses on Saturday. Oil marketing companies like HPCL, BPCL and IOC were in spotlight after price of diesel was hiked by 90 paise per litre.
BSE Sensex ended below 20000 mark snapping its 3-day winning streak on profit booking. PSU banks surged in trade after Punjab National Bank and Union Bank reported better than expected results. Nifty closed at 6050.
Indian shares were taking a breather today after rallying over 10 percent in past one month. Record buying by foreign funds in cash market coupled with recent fall in crude and gold prices were some of the key drivers for this rally, says market watchers.
The market has gone flat and the Sensex slipped below the 20,000-mark. The Sensex was down 31.02 points at 19959.16, and the Nifty fell 11.30 points to 6058.00.Investors look a bit worried as the market has already bounced back around 10% in the last 1.