Sensex, Nifty fall from all-time highs

Share market benchmarks were trading flat after hitting record highs

Indian share market benchmarks Bombay Stock Exchange Sensex and broader NSE Nifty 50 were trading flat after hitting record highs on Friday.


After surging to a peak of 53,290 in opening session, the 30-share BSE Sensex was trading 111.60 points or 0.21 per cent higher at 53,270 in earlier deals, while the broader NSE Nifty 50 rose 33.60 points or 0.21 per cent to 15,957.


ITC was the top index gainer, rising over 1 per cent followed by Sun Pharma, Dr Reddy’s, Reliance Industries, HDFC, Asian Paints, Bharti Airtel, Power Grid Corporation of India and Tata Steel were among the other index gainers.


On the other hand, Maruti were top index loser followed by HCL Tech, Tech Mahindra, ICICI Bank, Infosys, NTPC, Larsen & Toubro, IndusInd Bank and Axis Bank were among the laggards.


Wipro hit a fresh record high of rupees 589, surging 1.4 per cent on BSE on Friday, a day after the company announced Q1 results.


Nifty Bank was down 0.20 per cent, and Nifty IT was trading flat. Nifty Pharma was up nearly one per cent and the Nifty Metal gained half a per cent.


Globally, the Asian index, bourses in Shanghai, Seoul and Tokyo were trading in the negative territory in mid-session deals, while Hong Kong was trading in gains. Shares on Wall Street also ended on a negative territory in overnight sessions.Indian share market benchmarks Bombay Stock Exchange Sensex and broader NSE Nifty 50 were trading flat after hitting record highs on Friday.

 

India Scanner News Network

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