Sensex Reaches 76k Level, Nifty Achieves New High Before Ending Lower

The Sensex reached 76k for the first time, while Nifty achieved a new lifetime high before finishing lower in highly turbulent trade on Monday as investors booked profits in the last 30 minutes of trading.

The 30-share BSE Sensex dropped 19.89 points, or 0.03 percent, to 75,390.50. Intra-day, the barometer soared 599.29 points or 0.79 percent to an all-time high of 76k, boosted by gains in select banking, financial, and IT shares. However, investors preferred to book profits at record levels and the index fell almost 835 points from the day’s high to hit a low of 75,175.27.

The NSE Nifty declined 24.65 points, or 0.11 percent, to 22,932.45. During the day, the 50-issue barometer increased 153.7 points, or 0.66 percent, to a new lifetime high of 23,110.80. However, it slid over 240 points at the fag-end due to selling in oil, energy, and FMCG shares.

Avenue Supermarts, Adani Enterprises, Wipro, ICICI Lombard, Grasim Industries, ONGC, SBI Life Insurance, and Eicher Motors were the top laggards.

Among the gainers were RECL, Power Finance Corp, Divi’s Labs, Samvardhana Motherson, PNB, Bosch, Dabur India, Torrent Pharma, and Adani Ports.

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

US markets concluded with gains on Friday.

European stocks were trading higher.

Brent crude gained 0.38 percent to USD 82.44 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 944.83 crore on Friday.

On Friday, the Sensex sank 7.65 points or 0.01 percent to 75,410.39, while the Nifty dipped 10.55 points or 0.05 percent to 22,957.10.

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