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Pharma shares surge, select equities dip; Sensex falls after firm start by 43 points to 4601.19

After a firm start, the stockmarket suffered a moderate setback as select equities declined sharply on profit- taking selling pressure towards the fag end of trading at the Bombay Stock Exchange today.

The pharma shares staged a smart rally with Ranbaxy touching a new high of Rs 1,011 gaining Rs 50 over the previous close at the BSE. Other shares that followed the bull run were Glaxo, Sun Pharma, Cipla, Pfizer and Parke Davis.

Infotech giants like Satyam, Software Solutions, Infosys Technologies and Tata Elxi declined sharply on profit-taking selling pressure, dealers said.

Reflecting the trend, the 30-share BSE Sensex opened at 4669.78 points, touched the day's high of 4688.89 points, fell below 4600 mark to touch the day's low of 4588.16 points, before closing at 4601.19 points, showing a net loss of 42.88 points or 0.92 per cent from the previous close of 4644.07 points.

The broad-based BSE-100 scrip index Natex dropped by 18.23 points to 2018.20 points as against the previous close of 2036.43 points.

UNI

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