Sensex hits new high, Nifty retreats from record level on F&O expiry day
Sensex closed marginally higher by 0.84 point at 32,383.30.
Mumbai: The benchmark BSE Sensex on Thursday edged up to a new closing record high at 32,383.30, but the Nifty was little changed with a negative bias.
The Sensex closed marginally higher by 0.84 point at 32,383.30.
During the day, the barometer rallied over 290 points to touch fresh high of 32,672.66 following buying spree in financials, banks, realty, auto, IT, FMCG and oil and gas stocks.
The 50-share Nifty of NSE scaled all-time high of 10,114.85 in day trade, but closed flat at 10,020.55 as 33 index constituents ended with losses.
Markets pared gains due to late sell-off on expiry of July series derivatives contracts and profit-booking at record levels amid disappointing earnings by some blue-chip companies, brokers said.
Dr Reddy's that reported over 57 percent drop in net profit fell over 3 percent and was the biggest loser among index scrips.
RIL, ITC, Infosys, TCS and Bharti Airtel fell up to 2.76 percent.
However, strong gains in banking stocks like HDFC Bank, Kotak Bank, SBI and HDFC helped the index limit losses.
Market Roundup: Sensex crashes by over 1,500 points; Nifty at 17,149; check top winners and losers here
Both Sensex and Nifty crashed over 2.5 percent at the end of the trading session, while Sensex fell 2.62 percent to 57,491.51, Nifty slumped 2.66 percent to 17,149.10
The top gainers of BSE Sensex were Hindustan Unilever, Maruti, HDFC, Nestle India and HDFC Bank. The top losers were Bajaj Financial Services, Tech Mahindra, Tata Steel, Bharti Airtel and IndusInd Bank
The top gainers were Power Grid, Bharti Airtel, Asian Paints, Maruti and UltraTech Cement. The top losers were Bajaj Financial Services, Infosys, Tata Consultancy Services, Sun Pharma and Hindustan Unilever