Bull loses some steam as markets fall marginally

Bull loses some steam as markets fall marginally

Mumbai: Equity benchmarks Sensex and Nifty ended marginally lower on Tuesday as investors booked profits at higher levels amid a mixed trend in global markets.

After touching a lifetime high of 52,516.76 in the opening session, the 30-share BSE Sensex settled 49.96 points or 0.10 per cent lower at 52,104.17.

Similarly, the broader NSE Nifty inched 1.25 points or 0.01 per cent lower to close at 15,313.45.

Axis Bank was the top laggard in the Sensex pack, shedding 2.42 per cent, followed by ICICI Bank, Infosys, Nestle India, SBI, TCS and HUL.

On the other hand, PowerGrid rallied over 6 per cent. ONGC, NTPC, Kotak Bank, Reliance Industries and Maruti Suzuki were among the other gainers.

Sector-wise, BSE power, utilities, metal, energy, oil and gas, basic materials and healthcare indices ended with gains, while IT, teck, FMCG, consumer durables and bankex finished in the red.

In the broader markets, the BSE midcap and smallcap indices rose up to 0.43 per cent.

Global equities were mixed as investors monitored the COVID-19 vaccines rollout amid rising cases in many countries.

Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul ended with gains.

Stock exchanges in Europe were trading on a mixed note in mid-session deals.

Meanwhile, the global oil benchmark Brent crude was trading 0.09 per cent lower at $63.24 per barrel.

The rupee settled just 1 paisa lower at 72.69 against the US dollar.

Next Story
Share it