Mumbai: Despite heavy buying in realty and metal stocks, the BSE benchmark Sensex on Friday snapped 8-session winning spree, closing 25 points down at 19,420.39, due to fag-end profit-booking amid rising crude oil prices.

The 30-share index, Sensex, resumed higher at 19,463.11 and shot up further to 19,562.55 due to persistent buying on heavy capital inflows from foreign funds.

However, it declined to 19,382.35 on mild profit-booking in Banking, Oil&Gas and IT stocks and closed at 19,420.39, showing a net loss of 24.83 points.

Sensex had gained 1,606.17 in the previous eight sessions.

IThe NSE 50-share Nifty eased 7.70 points or 0.13 per cent to end at 5,826.05 from its last close.  

Brokers said selling pressure emerged as investors booked profits at higher levels, amid fears that rising crude oil prices will fan inflation and lead to high interest rates.

Oil reached a 30-month high in New York at USD 107.65 on concerns that the conflict in Libya, Africa’s third-largest exporter, will prolong production cuts and spread to Middle
East producers.

"On the macro front, high oil prices are a cause for concern amid persistent turmoil in the Middle East," said Amar Ambani, Head of Research (India Private Clients) - IIFL.

He added, "One will have to look out for possible changes in monetary policies in Europe, UK and later in the year in the US as well. China too may continue to jack up rates
gradually. The RBI is also likely to remain vigilant as inflation is still elevated."

Meanwhile, Asian markets turned positive after a survey showed that manufacturing accelerated in China in March.

Among BSE sectoral indices, Bankex fell 0.83 per cent, Oil&Gas - 0.59 per cent, IT - 0.47 per cent and Teck - 0.31 per cent. However, BSE-Realty shot up 2.60 per cent, followed
by Metal - 1.15 per cent, Power - 0.93 per cent, CG - 0.84 per cent and Auto - 0.70 per cent.

Mid-cap and Small-cap indices also rose 1.59 per cent and 2.23 per cent respectively in view of renewed buying from operators and investors.

From the Sensex pack, major losers were NPTC 2.12 per cent, followed by State Bank Of India (1.75 pc), Reliance Ind (1.19 pc), Tata Power (1.04 pc) and ICICI Bank (0.90 pc).

However, Reliance Communications shot up 3.67 per cent, followed by Jaiprakash Associates (3.03 pc), BHEL (2.57 pc), Hindalco Ind (2.42 pc), M&M (1.65 pc), DLF (1.53 pc), HDFC (1.07 pc) and Hero Honda (1.01 pc).

The total market breadth was positive as 2,178 counters ended with gains, while 682 finished with losses at BSE.

The total turnover fell to Rs 2,964.24 crore from yesterday's Rs 3,226.86 crore. Shares of SBI showed the highest turnover of Rs 133.80 crore, followed by Reliance Capital (Rs 73.64 crore), Tata Coffee (Rs 72.92 crore), Delta Corp (Rs 68.19 crore) and Hindustan Oil (Rs 68.04 crore).

(Agencies)