Sensex, Nifty reverse early gains on profit booking
The BSE Sensex turned flat paring
initial gains, easing 16.36 points at 32,407.40 following mild
bouts of profit-booking in capital goods, power, energy and
financials sectors amid lower Asian trend.
Broader Nifty was trading below the 10,150-level.
Key indices traded in small ranges as investors turned
cautious ahead of the US Federal Reserve's two-day policy
meeting beginning later today.
Oil&Gas, auto, realty and industrial counters witnessed
The Sensex resumed higher at 32,522.44 and moved in a
range of 32,524.11 to 32,358.63 before quoting at 32,407.40,
at 1100 hrs, marginally down by 16.36, or 0.05 per cent.
The NSE 50-share Nifty slipped from all time high level
of 10,178.95, it was also trading marginally down by 8.35
points or 0.08 per cent at 10,144.75.
Major losers were Coal India 1.62 per cent, Axis Bank
1.07 per cent, SBIN 0.72 per cent, ITC 0.69 per cent and L&T
0.52 per cent.
Gainers included Tata motors 4.55 per cent, Tata
Motorsdvr 2.12 per cent and Kotak Banks 1.78 per cent.
Foreign portfolio investors (FPIs) sold shares worth
Rs 96.92 crore yesterday, as per provisional data released
by the stock exchanges. While, domestic institutional
investors (DIIs) bought shares worth a net Rs 775.61 crore, as
per provisional data.
Overseas, most Asian markets were trading lower as
investors awaited clues from the Federal Reserve on future
The US stocks registered fresh record closing high
yesterday as investors looked ahead to the outcome of a key
Federal Reserve meeting tomorrow.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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