Equity Markets Conclude Lower After Scaling New Highs Intraday

The equity benchmark indices Sensex and Nifty closed modestly down on Friday as investors took profits in FMCG, IT, and healthcare firms after the BSE Sensex and Nifty hit fresh lifetime highs in intra-day trading.

The 30-share BSE Sensex slipped 7.65 points, or 0.01 percent, to 75,410.39. During the day, it gained 218.46 points, or 0.28 percent, to reach its all-time intra-day high of 75,636.50.

In early trading, the NSE Nifty crossed the 23,000 level for the first time. During the day, the benchmark advanced 58.75 points, or 0.25 percent, to reach a lifetime high of 23,026.40. However, it reversed all of its gains and closed at 22,957.10, down 10.55 points, or 0.05 percent.

Interglobe Aviation, Torrent Pharma, Avenue Supermarts, Zomato, Adani Ports, Ambuja Cement, Info Edge (India), and Bajaj Holdings were the top laggards.

Among the gainers were Power Finance Corp, HAL, RECL, Bharat Electronics, TVS Motor Company, and Adani Total Gas.

In Asian markets, Singapore, and Indonesia closed higher, while Tokyo, South Korea, Thailand, Malaysia, Taiwan, Shanghai, and Hong Kong ended lower.

US markets ended in negative territory on Thursday.

European stocks were trading with losses.

Brent crude lost 0.73 per cent to USD 80.77 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 4,670.95 crore on Thursday.

On Thursday, the Sensex climbed 1,196.98 points, or 1.61 percent to 75,418.04, while Nifty the Nifty soared 369.85 points, or 1.64 percent to 22,967.65.

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