Sensex marginally higher, Nifty ends in red on late sell-off
The BSE Sensex advanced by 28 points
to close at 32,186.41 today after early gains were undone by
late sell-off by participants amid uninterrupted capital
outflows by foreign funds.
Intra-day, the benchmark Sensex rallied about 190 points
in initial trade on widespread gains.
Sentiment took a dramatic change particularly in the last
one hour of trading with the lower opening of the European
markets and investors started booking profits in broader
markets at record levels, brokers said.
Investors were cautions after retail inflation rose to
a five-month high in August and industrial production grew by
1.2 per cent in July against 4.5 per cent a year ago.
The 30-share Sensex opened strong and stayed in the
positive zone for the major part of the session to hit a high
of 32,348.30, but succumbed to late sell-off by investors
dragged in down to a low of 32,126.77, before ending 27.75
points, or 0.09 per cent higher at 32,186.41.
The gauge has now gained 524.44 points in five straight
The 50-share NSE Nifty which surged to 10,131.95, met
with resistance and finally ended 13.75 points, or 0.14 per
cent down at 10,079.30, breaking its four-session long winning
streak. It had gained 176.85 points in the past four trading
Losses in BPCL, IOC, ITC Ltd, Indiabulls Housing and
Eicher Motor dragged the index into the negative zone.
Globally, Asian markets mostly ended mixed with Hong
Kong's Hang Seng falling 0.28 per cent, while Shanghai
Composite Index rose by 0.14 per cent and Japan's Nikkei by
0.45 per cent.
Europe was also mixed, with Paris CAC 40 rising 0.06 per
cent and Frankfurt up 0.01 per cent. UK's FTSE fell 0.56 per
cent in early trade.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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