Sensex hits new high, Nifty retreats from record level on F&O expiry day

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.

Updated Date: Jul 27, 2017 16:42 PM

Also Watch

Rethinking pornography: Cyber Sexy author Richa Kaul Padte makes the case for decriminalising porn in India
  • Friday, July 27, 2018 First Day First Showsha — Reviewing Tom Cruise's Mission: Impossible - Fallout in 10 questions
  • Friday, July 27, 2018 It's a Wrap: Karwaan stars Dulquer Salmaan, Mithila Palkar in conversation with Parul Sharma
  • Friday, July 27, 2018 3 alternatives to WhatsApp | What The App
  • Friday, July 27, 2018 Manika Batra interview: Table Tennis star looks back at Commonwealth Games 2018 success, reveals her diet plan and more

Also See