Mumbai, Dec 19 (UNI) After taking a dip below the 19k level today, the benchmark Sensex of the Bombay Stock Exchange (BSE) gained a marginal 12.32 points to close at 19,091.96 in late trade on heavy profit booking in choppy trade throughout the day.
The Sensex resumed 175.75 points up at 19,255.39 on firm note in Asian markets and fresh inflows. And, it was in positive zone till mid-afternoon. Later it slipped into red to touch a low of 18,886.40, It fell 511.36 points from its day's high of 19,397 and finally closed almost flat in late trade.
Similarly, National Stock Exchange's (NSE's) Nifty index touched a low of 5676.70, fell 174.10 points from its day's high of 5,840.80 before finally closing with a gain of 8.85 points at 5,751.15 from its previous close of 5,742.30 in late trade.
The market staged a strong comeback in late trade. It had come sharply off higher level from an initial surge during the mid-afternoon trading sessions, but recovered in late trade on sustained inflows. Mid-cap at BSE ended in red, however, Small-cap helped the market to get into green, traders said.
Consumer durable and metal stocks gained and auto stocks declined.
Reliance Industries also declined. Reliance Energy and ONGC were major gainers from the Sensex pack.
European markets were trading lower and Asian indices were mixed today, traders added.
The country's gross domestic product (GDP) growth can be scaled up to 10 per cent by 2012 with the right set of policies, but the subprime crisis in the US might impact exports and capital flows, Prime minister Manmohan Singh said at a meeting of state chiefs and other top policy makers.
BSE clocked a turnover of Rs 8004 crore from its previous turnover of Rs 8,052.65 crore. The BSE Mid-Cap index was marginally down to 9,340.77. It underperformed the Sensex. However, BSE Small-Cap index was up to 11,915.36. It also outperformed the Sensex. The market breadth was strong. On BSE, 1,846 shares advanced as compared to 1,020 that declined. 17 of the 30 Sensex stocks declined.