Nifty Slips Below 7,900 Levels on Profit Booking
The Sensex on Friday recorded its first drop in seven sessions, edging down by over 42 points, and the Nifty broke below 7,900 following profit-booking amid mixed global leads, but both indices scored gains for the second straight week. The Sensex opened a shade higher and settled lower by 42.24 points, or 0.16%, at 25,838.14. The index had risen about 1,207 points in the past six sessions – its longest winning streak since March. The NSE Nifty broke below the psychological 7,900-level and closed at 7,899.30, down 12.75 points, or 0.16%. Intra-day, it shuttled between 7,923.35 and 7,873.35. For the week, the Sensex gained 211.39 points, or 0.82 per cent, and the Nifty 48.85 points.