Stock market ends five-day winning streak
At close, Sensex was down 609.28 points, or 0.82%, at 73,730.16. Meanwhile, Nifty opened higher at 22,620.40 and touched a low of 22,419.90 in intraday trades.
Market benchmark Sensex reclaimed the key 33,000 level on Wednesday after spurting 139 points amid mixed global cues ahead of US Federal Reserve’s policy meeting outcome.
Continuous capital inflows by foreign funds and covering-up of short positions by speculators too influenced sentiments here, brokers said.
After a strong opening, the BSE 30-share gauge hit a high of 33,354.93, before closing at 33,136.18, up 139.42 points, or 0.42 per cent.
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It had gained 73.64 points in the previous session.
The 50-share Nifty scaled a high of 10,227.30 intra-day but succumbed to profit-booking to finish at 10,155.25, still up 30.90 points, or 0.31 per cent.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth Rs 344.16 crore on a net basis, while domestic institutional investors (DIIs) also purchased equities to the tune of Rs 731.17 crore yesterday, provisional data showed.
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