SSKINFO (10 May 2007): Sensex down 10 points

From the Dealing Room: With the bulls firmly in control for almost the entire trading session, stocks from across sectors posted smart gains and the market appeared to be heading towards a firm close. But that was before a strong bout of profit taking towards the close shaved off nearly 206 points from the day's high. The Sensex witnessed strong optimism after resuming with a positive gap of 41 points at 13823. The US Fed's decision to keep interest rates unchanged turned sentiments from cautious to bullish. While the action in several counters held the market firm above the 13900 levels in the first half of the trading session, the index notched up further gains in the afternoon to touch the day's high of 13977. However, the market slipped towards the close as the weakness in select heavyweight, oil, capital goods and public sector stocks dragged the index to an intra-day low of 13745. The Sensex finally ended the session with a loss of ten points at 13771, while the Nifty shed 12 points to close at 4067.

SSKINFO (10 May 2007): Sensex down 10 points