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29/05/2012 15:13 AST
The BSE benchmark Sensex rose for the second straight day today but surrendered most of its initial gains on fresh weakness in the rupee to finally close the session just 22 points higher at 16,438.58.
The 30-share Sensex, which gained 199.02 points yesterday, closed higher by 21.74 points, or 0.13 per cent at 16,438.58 - its highest closing since May 9. In the Sensex pack, 18 counters ended in the positive zone, while 12 declined.
The index opened higher at 16,500.44 and soon touched a high of 16,544.38 largely in line with firming trend on the other Asian bourses and a better opening in the European markets. However, a weak rupee hit trading sentiment.
Brokers said the Indian markets pared gains due to fag-end selling by investors who became jittery as the rupee looked set to snap a three-day winning streak after gaining over 80 paise in the last three sessions.
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The Hindu Business Line
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
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Times of Oman
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While reg
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