MUMBAI: The sensex and Nifty scaled new peaks on Friday in intraday deals before closing marginally lower due to profit booking in FMCG, tech and healthcare stocks.
A weak trend in global equities weighed on sentiment, but renewed foreign capital inflows and stable crude oil prices in international markets supported the markets, traders said. Markets were on a record-breaking rally for the second straight day ahead of Lok Sabha polls results on June 4.
In a highly volatile trade, the sensex dipped 8 points to settle at 75,410.During the day, it rallied 218 points to hit its all-time intraday high of 75,637. Nifty breached the 23,000 mark for the first time in early trade. During the day, it climbed 59 points to hit its lifetime peak of 23,026. However, it pared all gains and ended with a marginal decline of 11 points at 22,957.
“Markets ended flat in a sluggish trading session as investors preferred to stay on the sidelines due to weak global cues,” Prashanth Tapse, senior VP (research), Mehta Equities, said. Over a week, the sensex has zoomed 1,493 points. BSE’s market capitalisation stood at nearly Rs 420 lakh crore. Agencies
A weak trend in global equities weighed on sentiment, but renewed foreign capital inflows and stable crude oil prices in international markets supported the markets, traders said. Markets were on a record-breaking rally for the second straight day ahead of Lok Sabha polls results on June 4.
In a highly volatile trade, the sensex dipped 8 points to settle at 75,410.During the day, it rallied 218 points to hit its all-time intraday high of 75,637. Nifty breached the 23,000 mark for the first time in early trade. During the day, it climbed 59 points to hit its lifetime peak of 23,026. However, it pared all gains and ended with a marginal decline of 11 points at 22,957.
“Markets ended flat in a sluggish trading session as investors preferred to stay on the sidelines due to weak global cues,” Prashanth Tapse, senior VP (research), Mehta Equities, said. Over a week, the sensex has zoomed 1,493 points. BSE’s market capitalisation stood at nearly Rs 420 lakh crore. Agencies
