Sensex marginally higher, Nifty ends in red on late sell-off

The BSE Sensex advanced by 28 points to close at 32,186.41 today after early gains were undone by late sell-off by participants amid uninterrupted capital outflows by foreign funds.

Published: 13th September 2017 04:32 PM  |   Last Updated: 13th September 2017 04:32 PM   |  A+A-

Sensex (File | Reuters)

Representational Image. | Reuters File Photo

By PTI

MUMBAI: The BSE Sensex advanced by 28 points to close at 32,186.41 today after early gains were undone by late sell-off by participants amid uninterrupted capital outflows by foreign funds.

Intra-day, the benchmark Sensex rallied about 190 points in initial trade on widespread gains.

Sentiment took a dramatic change particularly in the last one hour of trading with the lower opening of the European markets and investors started booking profits in broader markets at record levels, brokers said.

Investors were cautions after retail inflation rose to a five-month high in August and industrial production grew by 1.2 per cent in July against 4.5 per cent a year ago.

The 30-share Sensex opened strong and stayed in the positive zone for the major part of the session to hit a high of 32,348.30, but succumbed to late sell-off by investors dragged in down to a low of 32,126.77, before ending 27.75 points, or 0.09 per cent higher at 32,186.41.

The gauge has now gained 524.44 points in five straight sessions.

The 50-share NSE Nifty which surged to 10,131.95, met with resistance and finally ended 13.75 points, or 0.14 per cent down at 10,079.30, breaking its four-session long winning streak. It had gained 176.85 points in the past four trading sessions.

Losses in BPCL, IOC, ITC Ltd, Indiabulls Housing and Eicher Motor dragged the index into the negative zone.

Globally, Asian markets mostly ended mixed with Hong Kong's Hang Seng falling 0.28 per cent, while Shanghai Composite Index rose by 0.14 per cent and Japan's Nikkei by 0.45 per cent.

Europe was also mixed, with Paris CAC 40 rising 0.06 per cent and Frankfurt up 0.01 per cent. UK's FTSE fell 0.56 per cent in early trade.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL2018