The Sensex on Monday rose by nearly 49 points as investors booked profits amid a weak opening in the European markets.
The 30-share index settled at 14,450.35 after touching an intra-day high of 14,672.69 and a low of 14,416.20 points. As many as 14 of the 30 index shares ended in the red. The Nifty rose by 7.90 points at 4,335.35 after touching the day’s high of 4,398.80 and a low of 4317.95 points.
Selling pressure mounted at the fag end of trading following a weak opening in Europe as crude oil prices rose on a weak dollar, sending negative signals to the Indian market. Oil was trading near $115 a barrel in the Asian market. Surging inflation, which touched an over 13-year high of 12.63 per cent, the highest since 1995, was another factor that affected the trading sentiment.
