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January 29, 2008 10:12 IST
Last Updated: January 29, 2008 16:07 IST
The Sensex opened with a positive gap of 193 points at 18,346, and soon rallied to a high of 18,491. However, profit-taking at higher levels saw the index pare early gains.
A fresh round of selling following the status quo stance taken by the Reserve Bank of India [Get Quote] on Tuesday. The RBI in its third quarterly monetary policy review kept all key rates - bank rate, repo rate and the reverse repo rate - and the cash reserve ratio unchanged. Following which the the index slipped into red to a low of 17,928 - down 563 points from the day's high.
The Sensex finally ended with a loss of 61 points at 18,091.
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