Sensex Ends 54 Points Lower On Profit Booking; Nifty Settles At 8219

Posted By: Religare
Subscribe to GoodReturns

The Indian benchmark indices retreated on Tuesday as investors resorted to profit booking, undermining firm cues from Asian peers amid rising optimism that Britons will vote to remain in the European Union in this week's referendum.

In the lackluster session, power and financial stocks witnessed volatility, but gains in the broader market capped day"s losses with MIDCAP and SMLCAP rising 0.12 per cent and 0.36 per cent respectively.

Sensex Ends 54 Points Lower On Profit Booking

The BSE SENSEX closed at 26812.78, down by 54.14 points, or by 0.2 per cent, and the NSE Nifty ended at 8219.9, down by 18.6 points, or by 0.23 per cent.

During the day"s trade, the BSE Sensex touched intraday high of 26925.64 and intraday low of 26754.6, while the NSE Nifty touched intraday high of 8257.25 and intraday low of 8202.15.

The Indian rupee also continued selling spree as concerns over the impact of Raghuram Rajan"s exit as the RBI governor when his three-year term ends this September.

The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 203.10,-1.77%), Axis Bank Ltd. (Rs. 516.15,-1.62%), NTPC Ltd. (Rs. 151.85,-1.40%), Asian Paints Ltd. (Rs. 980.80,-1.12%), State Bank of India (Rs. 213.60,-1.02%), among others.

Meanwhile, Oil And Natural Gas Corporation Ltd. (Rs. 217.30,+1.64%), Mahindra & Mahindra Ltd. (Rs. 1363.95,+0.97%), Wipro Ltd. (Rs. 561.25,+0.77%), Tata Motors Ltd. (Rs. 485.35,+0.77%), Housing Development Finance Corporation Ltd. (Rs. 1237.00,+0.77%), were among top gainers on BSE.

On the sectoral front, power and bankex stocks emerged as top losers, falling as much as 0.7 per cent and 0.65 per cent respectively.

The Market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 2940, shares advanced were 1362 while 1348 shares declined and 230 were unchanged.

On the global front, most of the Asian stocks ended in positive terrain, barring China"s Shanghai Composite, with Japan"s Nikkei 225 rallied over 1 per cent as the Yen snapped rally against US dollar while speculation that the UK may not vote to leave the European Union further boosted market sentiments. Hang Seng settled with slim gains.

Dion Global Solutions

Read more about: sensex, nifty
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'