Sensex, Nifty end lower in cautious trade ahead of Friday’s no-confidence motion
Erasing early gains, the BSE Sensex ended lower by 22 points at 36,351.23 in range-bound trade on Thursday, amid lower-than-expected Q1 results.
Investors were not in a mood to make fresh bets ahead of the voting on the no-confidence motion against the NDA government tabled in the Lok Sabha, brokers said.
A depreciating rupee, which again breached the 69-mark against the dollar in intra-day trade, too weighed on sentiment, they added.
The BSE Sensex opened higher and advanced to hit a high of 36,515.58, but soon turned lower and slipped to 36,279.33. It finally settled at 36,351.23, down 22.21 points, or 0.06%.
The 50-share NSE Nifty too ended 23.35 points, or 0.21% lower at 10,957.10. Intra-day, it shuttled between 11,006.50 and 10,935.45.
Meanwhile, domestic institutional investors (DIIs) bought shares worth a net of Rs 111.01 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 95.68 crore on Thursday, provisional data released by stock exchanges showed.