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11:14 am - Tuesday January 23, 2018

Sensex falls in lacklustre trade to 34,433.07 pts on profit-booking after touching fresh life-time high

Mumbai,

After touching a new high at 34,538.78 points, the benchmark index of Bombay Stock Exchange (BSE) on Wednesdaydeclined by 10.12 points in a lacklustre trade in late session toend negative at 34,433.07, reversing the gaining streak of last four sessions, due to profit-booking by local operators at higher level.

The Nifty of National Stock Exchange (NSE) too eased by 4.80 points to 10,632.20.In a lacklustre trade seen during the day, the Sensex edged higher by 98 points to hit a new-high of 34,539.78 in early trade.

It then rallied by 122 points to touch a life-time-high of 34,565.63 before noon. Later, it erased early gains and slipped in red by 132 points to hit the day’s low of 34,311.63, before closing at 34,433.07, down by 10.12 points as compared to its last close.

Selling in stocks like Materials, Bankex, Capital Goods, Finance and Industrials pushed the Sensex in red, however, renewed buying in Realty, Technology and Energy capped its further decline, brokers informed.

Among secondary indices, the S&P BSE Mid-Cap index fell 0.31 percent, underperforming the Sensex. The Small-Cap index eased 0.04 pc,outperforming the Sensex.In overseas markets, European stocks edged lower as investors awaited for corporate earnings and fresh data.

Asian stocks ended mixed as investors booked profits in shares while oil prices hit a three-year-high due to production cuts and a fall in inventories. The market breadth was negative on BSE, as 1,617 shares declined against 1,309 advanced and 126 were unchanged.

The total turnover on BSE amounted to Rs 5,008.17 crore, compared with a turnover of Rs 5,458.26 crore registered during the previous trading session.

Posted in: Business

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