Benchmark indices were trading lower in the pre-close session in view of April derivatives expiry. Besides, weak global cues weighed on the domestic sentiment. Investors are looking forward to US President Donald Trump’s plan for the US tax system.
Stock markets came off their peak and turned weak today after three back-to-back sessions of gains due to profit-booking by funds and retail investors.The 30-share BSE index Sensex was trading down 120.46 points or 0.4 percent at 30,012.89.
The benchmark earlier hits yet another record high (intra-day) of 30,184.22 points. The gauge had gained 768.05 points in the previous three sessions.The NSE Nifty was trading down 13.1 points or 0.14 per cent at 9,338.75, after rising to 9,363.40 in early trade.
Among BSE sectoral indices, realty index gained the most by 0.68 percent, followed by IT 0.57 per cent, oil & gas 0.53 percent and take 0.39 percent. On the other hand, metal index was down 0.95 per cent, FMCG 0.84 percent, health care 0.68 percent and auto 0.24 per cent.
Top five Sensex gainers were Cipla (+1.35%), GAIL (+1.21%), Infosys (+1.2%), Wipro (+0.94%) and Tata Motors (+0.94%), while the major losers were Lupin (-2.64%), Axis Bank (-2.17%), ITC (-1.91%), Tata Steel (-1.66%) and HDFC (-1.39%).
Squaring-up of positions by participants — today being the last trading session of April series contracts in the derivatives segment — and weak global cues dampened the sentiment here.
EXCHANGE ADVANCE DECLINE UNCHG. T/O
NSE 611 826 61 31036.28
SCRIP R2 R1 PIVOT S1 S2
NIFTY 50 9390 9365 9345 9325 9285