Author
The author is a Trainee Journalist at BW Businessworld based in Mumbai. He tracks the Markets and related news.
The Sensex and Nifty closed lower today mainly due to profit booking in selective heavyweight stocks and weak foreign markets. The Sensex ended lower by 127 points, while the Nifty-50 closed down 13 points. Shares of Reliance Industries dragged the index the most as the stock price dipped over two per cent.
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The equity markets closed with marginal gains on Thursday led by some positive action in FMCG and Metal stocks which led the headline indices to stage a little recovery. However, the broader markets continued to shine throughout the session.
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The BSE Sensex and Nifty ended flat today as major sectors witnessed selling pressure throughout the day. However, the BSE Midcap and Smallcap indices outperformed the headline indices in the intraday session today.
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After trading positive in the morning deals, the Sensex and Nifty ended red on Tuesday amid volatility caused due to profit booking in IT, Pharma and Realty stocks.
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The markets continued to outperform and registered fresh record highs for the third day in a row. In the overall markets today, the IT and Realty stocks were the top gainers among all other counters.
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The Sensex and Nifty bounced back higher after closing red in the previous session backed by gains in the Pharma and FMCG counters. The broader markets however outperformed the headline indices as the BSE Midcap registered a fresh record high in the morning deals.
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After scaling fresh record highs in the morning session, the Sensex and Nifty ended in the red on Wednesday mainly due to profit booking in IT and Metal stocks. However, the Realty stocks saw major positive movement in the intraday session.
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The Indian exchanges in a recent move have proposed and unveiled their plan to launch an international trading platform that will further help Indian investors to diversify their portfolio and participants will soon be able to trade in Foreign stocks like Amazon, Apple, and Microsoft.
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The domestic equity markets gained momentum in the afternoon trade on Friday, August 27 led by rally in pharma and metal stocks which led the Sensex and Nifty to scale fresh highs.
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The domestic equity markets gained momentum in the afternoon trade on Friday, August 27 led by rally in pharma and metal stocks which led the Sensex and Nifty to scale fresh highs.
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