Closing Bell: Nifty, Sensex close lower, Lupin, RIL, Bharti Airtel major gainers
Mumbai: The benchmark Sensex on Friday retreated from its record high by ending lower by 9 points in a range- bound session but recorded gains for the week on GST boost and monsoon progress.
The 30-share BSE index, which had closed at a record high of 31,369.34 Thursday, traded in the negative terrain for the better part of the session and hit a low of 31,286.62 before settling at 31,360.63, down 8.71 points, or 0.03%.
Likewise, the 50-scrip NSE Nifty fell by 8.75 points, or 0.09%, to close at 9,665.80 after shuttling between 9,684.25 and 9,642.65.
On a weekly basis, the Sensex registered a rise of 439.02 points, or 1.41%; while the Nifty gathered 144.90 points, or 1.52%, during the week. The Sensex had gained 159.55 points in the previous two sessions and hit record closing high Thursday.
The market sentiment took a short-term reversal as investors preferred to keep their positions at a low ebb in view of quarterly earnings, which are due next week onwards.
Stocks of heavyweight RIL soared 3.43% to trade at over nine-year high of Rs 1,490.80. Lupin Ltd too rallied 3.28% to Rs 1,116.75.
In the Sensex kitty, 20 scrips ended lower while 11 closed higher. Major losers were ICICI Bank 1.28%, Axis Bank 1.25%, Infosys 1.21%, Asian Paint 1.20%, Hero MotoCorp 1.11%, HDFC Ltd 1.10%, ONGC 1.08%, Bajaj Auto 0.79%, ITC Ltd 0.79%, Maruti 0.66% and TCS 0.54%.
Meanwhile, Foreign portfolio investors (FPIs) sold shares worth a net Rs 15.29 crore crore yesterday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) had bought shares worth a net Rs 315.95 crore.
Overseas, key indices in Europe like Paris CAC 30 down 0.35%, Frankfurt’s DAX shed 0.15% in their late morning deals. Londlon’s FTSE too was trading lower by 0.17%. Most Asian stocks dropped following the lower close on Wall Street on Thursday.
- P. Chidambaram moves Supreme Court for protection of his rights
- Fed resists upgrading long-run growth outlook after tax cuts
- Donald Trump names India, China to defend climate change policy
- GoAir flight with 112 on board grounded at Leh airport after technical glitch
- E-way bill set to roll out from 1 April, no consensus on simplification of GST returns