sensex-red-at-82-900-nifty-below-25-400

Sensex red at 82,900, Nifty below 25,400

Equity indices Sensex and Nifty ended lower after a record rally. The 30-share BSE Sensex fell 71.77 points, or 0.09%, closing at 82,890.94. During the session, it dropped 309.49 points to a low of 82,653.22. The NSE Nifty decreased by 32.40 points, or 0.13%, to finish at 25,356.50.

News Arena Network - Mumbai - UPDATED: September 13, 2024, 04:22 PM - 2 min read

Sensex red at 82,900, Nifty below 25,400

All sectoral indices, except FMCG, Healthcare, and OMCs, ended higher. Media, PSU Bank, and Realty indices each rose by 1%.

Equity benchmark indices Sensex and Nifty saw a minor retreat on Friday after a record-setting rally the previous day, closing slightly lower amid profit-taking.

In a day marked by volatility, the 30-share BSE Sensex fell by 71.77 points, or 0.09 per cent, ending at 82,890.94. During the session, it had dropped by as much as 309.49 points, or 0.37 per cent, to 82,653.22. The NSE Nifty lost 32.40 points, or 0.13 per cent, to close at 25,356.50.

Adani Ports led the decliners in the Sensex pack with a 1.37 per cent drop, followed by ITC, Bharti Airtel, NTPC, Maruti, Asian Paints, Sun Pharma, Power Grid, Hindustan Unilever, and Larsen & Toubro. Conversely, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tata Steel, Axis Bank, and Tech Mahindra were among the gainers.

Asian markets were mixed, with Tokyo and Shanghai closing lower, while Seoul and Hong Kong ended on a positive note.

"The market took a breather and ended flat after the previous day’s sharp rise.

Despite domestic CPI inflation remaining within the RBI's target range, the uptick in food prices may prompt the central bank to be cautious with interest rates," said Vinod Nair, Head of Research at Geojit Financial Services.

Retail inflation for August edged up to 3.65 per cent, with vegetables and pulses showing double-digit price increases.

However, the Consumer Price Index (CPI) inflation remained below the Reserve Bank's median target of 4 per cent for the second consecutive month, compared to a five-year low of 3.6 per cent in July. August 2023 saw headline inflation at 6.83 per cent.

European markets were trading higher mid-session, and US markets closed with gains on Thursday.

A significant rally on Thursday pushed the BSE benchmark to the 83,000 level for the first time. The Sensex surged by 1,593.03 points, or 1.95 per cent, reaching an intra-day peak of 83,116.19, before ending at a record high of 82,962.71, up by 1,439.55 points, or 1.77 per cent.

The NSE Nifty also set a record, closing at 25,388.90 after a 470.45 point, or 1.89 per cent, gain. It reached a new all-time intra-day high of 25,433.35.

Foreign Institutional Investors (FIIs) purchased equities worth Rs 7,695 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude increased by 1.03 per cent to $72.71 a barrel.