Sensex crosses 11,000 mark but settles lower at 10,950

Mumbai, Mar 25 (UNI) Sensex crossed 11,000 mark this week as it soared to 11,017.25 in intra-day trade on Tuesday (March 14) but couldn't maintain the gains and closed at 10,950 on yesterday.

It took 29 trading session for the key index to rise another 1,000 points after it crossed the 10,000 mark on February 6.

With the 11,000 mark, 30-share BSE Sensex joined the exclusive club of the leading world market indices like Dow Jones (US), Nikkei (Japan) and Hang Seng (Hong Kong) that trade above the 11,000 mark.

However, later in the week, the benchmark index moved up and down as investors booked profit soon after 11,000 mark was crossed.

Finally Sensex closed 90 points or 0.8 per cent up over the previous week's closing.

The National Stock Exchange closed at 3,279 points with a gain of 45 points or around 1.3 per cent up as compared to the previous week's close of 3,234.

The markets lost momentum after crossing 11,000 mark and after three successsive sessions of losses it bounced back on Friday with a gain of 110 points.

On Monday, Sensex inched nearer to 11,000 mark closing at an all-time high of 10,941, with a gain of 81 points.

On Tuesday, Sensex plunged in the red during the closing hour of trade and ended 35 points down at 10,905, after it crossed the 11,000 mark for the first time in the morning. Profit booking seemed to have triggered around 130 points slide in the last one hour of trading.

On Wednesday, last hour blow knocked-off another 64 points from the Sensex closing at 10,841 points, as compared to the last close of 10,905 points.

On Thursday, after a directionless trading during the day, the BSE Sensex today closed flat at 10,840.59 points, almost unchanged from the last close of 10,841.35. It was for the third session in row that Sensex ended in the red.

Yesterday, Sensex bounced back in the green after three successive days of losses, closing at 10,950 points with a gain of 110 points or 1.01 per cent, over the last close of 10,840.

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