The BSE Sensex and the NSE Nifty both closed marginally lower on Tuesday amid a mixed trend globally. The 30-share Sensex had reached a record level of 52,516.76 in morning trade. But it finally closed at 52,104.17 points, down by a slight decline of 49.96 points, or 0.10 percent. The NSE Nifty closed at 15,313.45 points, down 1.25 points, or a slight decline of 0.01 percent.
Axis Bank was the biggest loser among the Sensex stocks. It fell about 2 percent. Apart from this, ICICI Bank, Nestle India, Infosys, SBI and HUL also declined.
Powergrid has recorded a growth of over 6 percent. Other stocks that have gained strength include ONGC, NTPC, Kotak Bank and Reliance Industries. Among Sensex companies, Powergrid closed up 6.24 percent. ONGC closed up 5.18 per cent, NTPC 2.89 and Kotak Bank up over 2 per cent. Kotak Bank and Reliance Industries closed on the green mark.
Profit booking seen in stock market
Vinod Modi, strategic head of Reliance Securities, said some profit-booking was done after a good rally in the initial business. He said shares of public sector banks and metal companies shone. However, selling pressure was witnessed in financial, IT and daily-use companies, which led to the downfall of the Sensex. Shares of medium and small companies were bright. The reason for this is attracting investors in view of the better earnings scenario of companies in this sector.
Other Asian markets included Hong Kong’s Hang Seng, Japan’s Nikki and South Korea with Kospi leading the gains. After noon Indian time, there was a mixed trend in the major markets of Europe. Global oil standard Brent crude fell 0.09 percent to close at $ 63.24 a barrel.
BSE Sensex closed above the 52,000 mark for the first time on Monday , with 11 per cent returns in 11 days on the back of buying in the stocks of financial companies amid rising global markets. In this way, the Sensex has given a return of around 11 per cent on just 11 trading days this month. In fact, the Sensex closed at 46285 on the last trading day of January i.e. 29th. At the same time, in 11 business days, Cessanx has jumped to reach beyond 52 thousand. In this way, Sensx has risen by about 6000 points, giving investors 11% return.
BSE Sensex gained 609.83 points, or 1.18 percent, to close at 52,235.97 points, based on the Sensex-Nifty 30 stocks , which closed at record highs yesterday . During trading it had reached a record level of 52,235.97. Similarly, the National Stock Exchange’s Nifty closed at a record high of 15,314.70 points with a gain of 151.40 points, or 1.0 percent.