Monday , 26 August 2019
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Sensex slips from lifetime high on profit booking

After rising to an intra-day record of 39,487.45 points, the 30-share index turned negative to settle 135.36 points, or 0.34 per cent, lower at 39,140.28. The broader NSE Nifty slipped 34.35 points, or 0.29 per cent, to 11,752.80.

The benchmark indices had closed at record highs on Tuesday on earnings optimism and forecast of a near-normal monsoon. Markets were closed Wednesday for Mahavir Jayanti.

Top losers in the Sensex pack included Yes Bank, Vedanta, IndusInd Bank, Tata Steel, L&T, SBI, NTPC, Kotak Bank, HDFC, HDFC Bank, PowerGrid, Infosys and ITC, falling up to 4.18 per cent.

On the other hand, RIL was the biggest gainer on the index, rising 2.79 per cent ahead of its Q4 results.

Tata Motors, Asian Paints, TCS, Coal India, Hero MotoCorp, Axis Bank and HUL also ended in the green, rising up to 2.32 per cent.

Foreign institutional investors (FIIs) purchased equity worth a net Rs 1,038.58 crore on Tuesday, and domestic institutional investors (DIIs) bought shares to the tune of Rs 37.22 crore, provisional data available with stock exchanges showed.

Elsewhere in Asia, markets in Japan, China and Korea ended in the red.

In Europe, bourses in Germany, France and the UK were trading on a mixed note in early deals.

Global crude oil benchmark Brent futures fell 0.17 per cent to USD 71.50 per barrel.

Meanwhile, the Indian rupee appreciated 5 paise to 69.55 against the US dollar intra-day.

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