MUMBAI: Equity benchmark indices Sensex and Nifty ended lower on Tuesday amid profit-taking and weak trends across Asian markets.
The 30-share BSE Sensex declined 150.68 points or 0.18 per cent to settle at 84,628.16. During the day, it fell 559.45 points or 0.65 per cent to 84,219.39. The 50-share NSE Nifty dipped 29.85 points or 0.11 per cent to close at 25,936.20.
“The Nifty-50 traded within a narrow 25,800–26,000 range for most of the day, reflecting cautious sentiment ahead of key global events such as the US Federal Reserve’s policy outcome,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm.
Indian equities witnessed a volatile expiry session but managed to close on a resilient note, as both the Nifty-50 and Bank Nifty staged a sharp recovery in the final half hour of trade, he added.
Among Sensex firms, Trent, ICICI Bank, Tech Mahindra, Bajaj Finserv, Mahindra & Mahindra, Power Grid, Tata Consultancy Services and Bajaj Finance were among the major laggards. On the other hand, Tata Steel, Larsen & Toubro, State Bank of India and Kotak Mahindra Bank were among the major gainers.
Across Asia, South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng ended lower, while European markets traded on a mixed note. US markets closed in positive territory on Monday.
According to exchange data, Foreign Institutional Investors (FIIs) offloaded equities worth Rs55.58 crore on Monday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs2,492.12 crore.
Global oil benchmark Brent crude fell 1.78 per cent to $64.42 a barrel.
On Monday, the 30-share BSE Sensex had jumped 566.96 points or 0.67 per cent to settle at 84,778.84, while the Nifty climbed 170.90 points or 0.66 per cent to 25,966.05.
