Nifty, Sensex Dip In Early Trade On Profit-Booking

Benchmark equity indices Sensex and Nifty dropped in early trade on Tuesday, due to substantial profit-taking following a big gain in the previous session, as preliminary counting for the Lok Sabha polls showed mixed trends.

The 30-share BSE Sensex dipped 2005.86 points, or 2.62 percent to 74,462.92 in early trade. The NSE Nifty sank 630.95 points, or 2.71 percent to 22,632.95.

Later, the BSE benchmark dropped 2,623.91 points to 73,844.36, while the Nifty inched 617.45 points to 22,646.45.

HECL, Adani Enterprises, Adani Ports, Adani Energy Solut., Power Finance Corp, Bharti Electronic, Adani Total Gas, Ambuja Cement, and HAL were the top laggards.

Among the gainers were Dabur India, Avenue Supermarts, Colgate-Palmolive, Hindustan Unilever, Marico, Britannia Industries, and Hero PotoCorp.

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

On Monday, US markets concluded on a mixed note.

Brent crude lost 0.68 percent to USD 77.83 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 6,850.76 crore on Monday.

On Monday, the Sensex soared 2,507.47 points or 3.39 percent to reach a new closing high of 76,468.78, while the Nifty moved 733.20 points or 3.25 percent to 23,263.90.

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