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Sensex snaps rally, trades flat

| | May 20, 2014, at 06:37 pm
#Sensex # National Stock Exchange
Mumbai, May 20 (IBNS): The BSE Sensex traded flat on Tuesday as investors dumped recently-gaining stocks such as Coal Inda, ONGC and Reliance Industries to book profits.

The falls in stocks marked the end of a four-day rally that pushed the Sensex to record highs on the back of an election win by the right wing Bharatiya Janata Party (BJP).

The Sensex was trading 4.23 points up at 24,367.28 around 12:50 while the National Stock Exchange (NSE) Nifty traded 4.40 up at 7,267.95

Meanwhile, the rupee fell to 58.68/69 versus its previous close of 58.59/60 due to heavy buying buy a state-owned bank.

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