Sensex sheds 115 points on profit booking, RIL shares end over 1% higher
The BSE Sensex ended 114.94 points, or 0.32% lower at 35,432.39 on Thursday.business Updated: Jun 21, 2018 16:48 IST
Benchmark BSE Sensex gave up early gains to end 115 points lower at 35,432.39 on Thursday, on losses in healthcare, capital goods, metal and auto stocks.
Unabated capital outflows by foreign funds and weakening rupee too weighed on sentiment, brokers said.
Bucking the trend, Reliance Industries continued its upward trajectory, spurting 1.09% to a fresh closing high of Rs 1,031.10.
Most Asian and European markets traded lower on uncertainty surrounding trade relations between the US and China. Meanwhile, RBI’s June meeting minutes flagged inflation risks on the back of firm oil prices and volatility in global financial markets.
The 30-share BSE Sensex, which rose over 131 points in morning trade and hit the session’s high of 35,678.69, quickly lost momentum and slumped to hit the day’s low of 35,396.97. It finally ended 114.94 points, or 0.32% lower at 35,432.39.
The BSE Sensex had gained 260.59 points in the previous session.
The broader NSE Nifty moved between 10,809.60 and 10,725.90, before finishing 30.95 points, or 0.29% down at 10,741.10.
Meanwhile, on a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 1,442.61 crore, while domestic institutional investors (DIIs) bought equities worth Rs 1,473.65 crore on Wednesday, provisional data showed.
First Published: Jun 21, 2018 10:02 IST