Mumbai: The market snapped its 5-day winning streak and succumbed to profit taking. The Sensex ended at 19781.88, down 215.57 points or 1.08 per cent and the Nifty fell 62.45 points or 1.06 per cent to close at 5850.70.
About 1153 shares have advanced, 1176 shares declined, and 157 shares are unchanged. Tata Power, ITC, GAIL, NTPC and Cipla are top gainers in the Sensex. On the downside are Tata Steel , BHEL , Hero MotoCorp, ONGC and Maruti Suzuki. 3:30 pm.
The government will decide on raising the retail prices of diesel and cooking gas (LPG) in a few weeks, oil secretary Vivek Rae said on Thursday, in a bid to cut the biggest item in its import bill and support the rupee.
A recent sharp recovery in the rupee, which had hit a record low of 68.85 to the dollar on August 28, and a fall in global crude prices following an easing of geopolitical tensions with an attack on Syria appearing less imminent have taken off some pressure from the government finances, Rae said.
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