News for share market today

MUMBAI: Snapping a two-day winning streak, the BSE benchmark Sensex declined by over 50 points on profit-booking, coupled with negative global cues.

After gaining a record 406 points in the last two sessions, the Bombay Stock Exchange's 30-share bellwether today opened weak and remained range-bound throughout the day to finally settle at 18,401.82 points, down 0.29%, or 53.12 points.

"The negative mood of the market was primarily in line with the weak global cues. Besides, there was portfolio churning by the investors, which suggests there was no fresh buying in stocks," Research CMD Kishore P Ostwal, said.