Markets closed today: BSE Sensex, NSE Nifty shut on account of holiday
Markets closed today: The benchmark BSE Sensex and NSE Nifty will be closed today on account of Dussehra. The Sensex has tanked 382 points on Wednesday snapping its three-day gains spree, due to heavy selling, rising crude prices and rupee volatility.
The Sensex hit a low of 34,727.16 in late afternoon trade before closing at 34,779.58, down by 382.90 points, or 1.09 per cent on Wednesday.
The broader NSE Nifty too dived by 131.70 points, or 1.24 per cent, to close at 10,453.05. Intra-day, it reclaimed the 10,700-mark to scale a high of 10,710.15 and a low of 10,436.45.
Intense selling pressure was witnessed in select counters led by auto, realty and oil&gas stocks. Sentiments were also hurt by liquidity concerns that dragged down non-banking financial stocks.
Overall sentiment was cautious as investors were on a wait-and-watch mode ahead of quarterly results from Reliance Industries, to be released later in the day, brokers said.
"A strong rupee and buoyant global markets set the stage for the Indian markets to trade cheerfully in the morning. Nifty did open with gusto, though could not sustain and fell more than 250 points from the highs," VK Sharma, Head PCG & Capital Markets Group, HDFC Securities, said.
Globally, other Asian markets were in a bullish mood and European shares too rose in their early session after upbeat US earnings and strong economic data drove a rebound on Wall Street.
In the Asian region, Japan's Nikkei rose 1.29 per cent, Singapore up 1.73 per cent, Korea gained 1.04 per cent, Indonesia up 0.61 per cent and Shanghai Composite advanced 0.60 per cent.
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A similar trend was witnessed in the broader markets as investors preferred to take away profits after recent gains pulling down the small-cap index by 2.47 per cent and mid-cap by 2.36 per cent.