Breaking |

Breaking |

Sensex opens down 54 pts on profit booking
Published : Jan 24, 2018, 10:38 am IST
Updated : Jan 24, 2018, 10:38 am IST
SHARE ARTICLE

Mumbai: The benchmark BSE Sensex opened lower today after a five-session record-setting spree as investors cashed profits in metal, capital goods, consumer durables, power, and banking shares ahead of January month expiry in the derivatives segment tomorrow. 


Advertisement

The BSE 30-share barometer dropped by 54.30 points or 0.15 per cent to 36,085.68 in opening trade as index major Reliance Industries, ICICI Bank and Bharti Airtel declined. The gauge had rallied 1,368.93 points in the previous five back-to-back record-setting sessions on sustained foreign fund inflows. It had closed at record high of 36,139.98 yesterday after touching an intra-day high of 36,170.83. 


The NSE Nifty index too retreated from record by falling by 26.45 points, or 0.23 per cent, at 11,057.25. Yesterday, it had closed at record high of 11,083.70 points after scaling an all-time high (intra-day) of 11,092.90. Brokers said investors turned cautious and preferred to log gains at record levels ahead of tomorrow's January expiry in the derivatives segment, pulling down the key indices from record highs. 

Advertisement


Besides, a weak trend at most of other Asian markets too weighed on the sentiments here, they added. The laggards were Bharti Airtel, ICICI Bank, Tata Motors, Coal India, Adani Ports, Tata Steel, Asian Paint, Reliance Industries, Infosys, L&T and M&M, falling up to 3.18 per cent. Meanwhile, foreign portfolio investors (FPIs) continued their buying activity on the domestic bourses here. 


Advertisement

They bought shares worth a net Rs 1,229.35 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 169.03 crore yesterday, provisional data showed. Globally, in the Asian region, Japan's Nikkei fell 0.56 per cent, while Hong Kong's Hang Seng shed 0.35 per cent in their early deals. Shanghai Composite Index, however, was up 0.09 per cent. The US Dow Jones Industrial Average also ended a shade lower in yesterday's trade.

SHARE ARTICLE
Advertisement
Advertisement

The term \"sister of terrorists\" became a focal point of controversy

14 May 2025 8:17 PM

12th class results LIVE: Girls bring glory to Punjab

14 May 2025 7:13 PM

​Police conducted an encounter in Amritsar, demanding ransom from the showroom owner

14 May 2025 7:07 PM

Pakistan attacked again, heavy shelling continues, are you safe?

09 May 2025 8:27 PM

Terror Hub in Pakistan Destroyed in Airstrike

08 May 2025 12:41 PM

Israel Expresses Strong Support for India; No Place for Terrorists

07 May 2025 12:13 PM
Advertisement