Sensex initially scaled a new peak of 74, 511, up over 600 points
BBN Bureau
Mumbai: Though benchmark equity indices opened at a fresh all-time high on April 4 (Thursday), the market turned volatile as the profit-taking emerged at select counters.
The S&P BSE Sensex hit a new peak at 74,501, up over 600 points from the previous day’s close. The BSE index, thereafter, wiped out gains and slipped into the red to a low of 73,772, down 729 points from the record high. Currently, the BSE benchmark is hovering around 73,850 levels.
The NSE Nifty 50 scaled a high of 22,619 and now is testing the 22,400 level.
HDFC Bank rose 3 per cent at 1,526 as the private sector lender reported over 100 per cent year–on–year growth in retail loans in Q4. NTPC, Axis Bank, Power Credit Corporation, and Tata Steel are the other major gainers. On the other hand, IndusInd Bank, Sun Pharma, ITC, Reliance, ICICI Bank, and HCL Technologies are among the major Sensex losers.
In the broader market, the BSE MidCap and SmallCap indices were up around 0,3 per cent each.
