Sensex, Nifty Fall After 7-Day Rally Due to Profit-Taking
The 30-share BSE benchmark fell 242.01 points to 79,874.48 during early trade. The NSE Nifty fell by 72.3 points at 24,256.65.
Mumbai:
Equity benchmark indices Nifty and Sensex fell in initial trade on Thursday following profit-taking after a week-long rally and lacklustre trend in Asian markets.
The 30-share BSE benchmark fell 242.01 points to 79,874.48 in initial trade. The NSE Nifty fell 72.3 points to 24,256.65.
During the last seven trading days, the BSE benchmark index soared 6,269.34 points or 8.48 per cent and the Nifty rose 1,929.8 points or 8.61 per cent.
Among the Sensex companies, Eternal, Bharti Airtel, ICICI Bank, Mahindra & Mahindra, HCL Technologies, Reliance Industries, and HDFC Bank were the laggards.
IndusInd Bank, Tech Mahindra, Nestle, Bajaj Finance, Axis Bank, and Tata Motors were among the gainers.
In Asian markets, South Korea’s Kospi index, Shanghai SSE Composite, and Hong Kong’s Hang Seng were lower while Tokyo’s Nikkei 225 quoted in the positive side.
US markets closed sharply higher on Wednesday. Nasdaq Composite rose 2.50 per cent, S&P 500 rose 1.67 per cent and Dow Jones Industrial Average rose 1.07 per cent.
Global oil benchmark Brent crude rose 0.12 per cent to USD 66.20 a barrel.
Foreign Institutional Investors (FIIs) purchased equities of value Rs 3,332.93 crore on Wednesday, exchange data showed.
The BSE benchmark surged 520.90 points or 0.65 per cent to close at 80,116.49, the highest closing level since December 18, on Wednesday. The Nifty rose 161.70 points or 0.67 per cent to 24,328.95.
