Sensex, Nifty end marginally lower on profit-booking

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Mumbai: Equity benchmarks Sensex and Nifty ended marginally lower after range-bound commerce on Tuesday as buyers booked earnings at larger ranges amid largely optimistic cues from international markets.

The 30-share BSE Sensex ended 2.56 factors lower at 51,934.88, whereas the broader NSE Nifty slipped 7.95 factors or 0.05 per cent to fifteen,574.85.

ICICI Bank was the highest loser within the Sensex pack, shedding practically 2 per cent, adopted by UltraTech Cement, Asian Paints, ITC, Kotak Bank, Axis Bank and PowerGrid.

On the opposite hand, ONGC, Bajaj Finance, SBI, Bajaj Auto and HDFC had been among the many gainers.

“Benchmark Nifty traded flat despite positive global cues. Barring pharma, most of key sectoral indices traded in the red with marginal correction,” mentioned Binod Modi, Head – Strategy at Reliance Securities.

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Further, Reliance Industries remained in focus and arrested any sharp fall within the Index. Profit-booking was seen in midcap and smallcap shares after witnessing a pointy rally in final couple of days, he added.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul ended within the optimistic territory, whereas Tokyo was within the pink.

Equities in Europe had been buying and selling on a optimistic be aware in mid-session offers.

International oil benchmark Brent crude was buying and selling 2.01 per cent larger at USD 70.72 per barrel. 





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