Business

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.

Also read: China’s Lunar Probe To Come Back With Historic Far Side Of Moon Samples

Spriha Rai

Recent Posts

Reaffirming Gandhi Ji’s Global Relevance: PM Modi’s International Tributes

Prime Minister Narendra Modi continues to honor Mahatma Gandhi’s ideals beyond India’s borders. During his…

2 hours ago

Delhi High Court Upholds AIMIM’s Recognition As Political Party

'The petitioner’s arguments cannot override the constitutional rights of AIMIM members. This petition has no…

2 hours ago

‘Democracy First, Humanity First’: PM Modi Highlights India-Guyana Parallels In Parliament Address

PM Modi emphasized the shared struggles of India and Guyana for independence from colonization. PM…

3 hours ago

Maharashtra Records 65.11% Voter Turnout In Assembly Elections, Marking A 30-Year High

The rise in turnout came with an 8.5% increase in the number of eligible voters.…

4 hours ago

42 Killed, 14 Injured In Militant Ambush In Pakistan’s Kurram Agency

"42 people have died as a result of firing on passenger vehicles in Kurram district.…

5 hours ago

Delhi HC Denies Relief To Arvind Kejriwal In Money Laundering Case

The Delhi HC has refused to stay the proceedings against Arvind Kejriwal in the money…

6 hours ago