The benchmark stock indices Sensex and Nifty moved lower in tumultuous trading on Friday, reversing early gains owing to selling in IT and certain banking stocks.
The 30-share BSE Sensex fell 15.44 points, or 0.02 percent, to settle at 73,142.80, with 17 members closing in the red and 13 in the green.
The index opened higher but eventually fell as investors took profits. Throughout the day, the barometer ranged between 73,413.93 and 73,022.
The broader NSE Nifty closed down 4.75 points, or 0.02 percent, at 22,212.70, as advances in FMCG, pharma, and financial companies were offset by losses in IT and private bank shares.
The 50-share barometer reached a new high of 22,297.50 in intraday trading.
HCLTech, Asian Paints, Maruti, JSW Steel, TCS, SBI, ITC, and Bharti Airtel were among the worst-performing Sensex stocks.
On the other hand, Bajaj Finserv, Mahindra & Mahindra, Titan, L&T, and Wipro all made significant gains.
Asian markets saw the Shanghai Composite index rise by 0.6 percent, Hong Kong’s Hang Seng remained steady, South Korea’s Kospi, Malaysia, and Taiwan ended in the green, while Tokyo’s markets were closed for holidays.
According to the data exchange, Foreign Portfolio Investors (FPIs) offloaded securities worth Rs 1,410.05 crore on Thursday.
The Sensex and Nifty rose on Thursday, with the latter reaching an all-time high closing level of 22,217.45.
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