MUMBAI: Equity benchmark Sensex opened over 200 points on Thursday but soon curtailed its early gains on profit-booking and was trading in negative territory amid a mixed trend in global markets.
After opening at its lifetime peak of 54,576.64, the 30-share index fell flat, down 8.33 points, or 0.02 per cent, to end at 54,361.44.
In a similar movement, broad NSE Nifty It closed at 16,249.85, down 8.95 points or 0.06 per cent in early trade.
IndusInd Bank was the top gainer in the Sensex pack, falling nearly 2 per cent, followed by Titan. Tata Steel, Mahindra & Mahindra, Bajaj Finance and SBI.
On the other hand, Bharti Airtel, HCL Tech, Tech Mahindra and Kotak Bank were among the gainers.
In the previous session, the Sensex ended its new record high of 54,369.77, up 546.41 points or 1.02 per cent, and nifty It rose 128.05 points or 0.79 per cent to its all-time peak of 16,246.85.
Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 2,828.57 crore on Wednesday, according to provisional exchange data.
Domestic stocks look flat right now. The sharp rebound in the market over the last two trading days was not broad-based and a sharp rebound in heavyweight financials contributed to the rally, said Binod Modi Head-Strategy Reliance Securities.
While there was heavy profit-booking in mid-cap and small-cap stocks, he further said, “We are on strong momentum of recovery in corporate earnings, given the sharp improvement in key economic indicators like GST collections and auto sales volumes.” Believe it. May remain in later quarters”.
Elsewhere in Asia, shares in Shanghai and Tokyo were trading with gains in mid-session deals, while Hong Kong and Seoul were in the red.
Equities on Wall Street ended largely on a negative note in overnight trading.
Meanwhile, international oil benchmark Brent crude rose 0.38 per cent to $70.65 per barrel.
After opening at its lifetime peak of 54,576.64, the 30-share index fell flat, down 8.33 points, or 0.02 per cent, to end at 54,361.44.
In a similar movement, broad NSE Nifty It closed at 16,249.85, down 8.95 points or 0.06 per cent in early trade.
IndusInd Bank was the top gainer in the Sensex pack, falling nearly 2 per cent, followed by Titan. Tata Steel, Mahindra & Mahindra, Bajaj Finance and SBI.
On the other hand, Bharti Airtel, HCL Tech, Tech Mahindra and Kotak Bank were among the gainers.
In the previous session, the Sensex ended its new record high of 54,369.77, up 546.41 points or 1.02 per cent, and nifty It rose 128.05 points or 0.79 per cent to its all-time peak of 16,246.85.
Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 2,828.57 crore on Wednesday, according to provisional exchange data.
Domestic stocks look flat right now. The sharp rebound in the market over the last two trading days was not broad-based and a sharp rebound in heavyweight financials contributed to the rally, said Binod Modi Head-Strategy Reliance Securities.
While there was heavy profit-booking in mid-cap and small-cap stocks, he further said, “We are on strong momentum of recovery in corporate earnings, given the sharp improvement in key economic indicators like GST collections and auto sales volumes.” Believe it. May remain in later quarters”.
Elsewhere in Asia, shares in Shanghai and Tokyo were trading with gains in mid-session deals, while Hong Kong and Seoul were in the red.
Equities on Wall Street ended largely on a negative note in overnight trading.
Meanwhile, international oil benchmark Brent crude rose 0.38 per cent to $70.65 per barrel.
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