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.
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.
Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
On the BSE Sensex, 13 of the 30 stocks ended in the red with TCS, Tech Mahindra, Maruti Suzuki India, Reliance Industries, and Titan were the top drags for the day. JSW Steel, Tata Steel, Power Grid Corp., Kotak Mahindra Bank, and UltraTech Cement, were the top gainers.
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
Sensex closed with a loss of 455 points, or 0.62%, at 72,488.99 while the Nifty 50 ended the day at 21,995.85, down 152 points, or 0.69%.
Nifty 50 opened at 22,334.45 against the previous close of 22,332.65 and touched its intraday high and low of 22,452.55 and 22,256 respectively, during the session, finally closed 3 points up at 22,335.70.
Market cautious ahead of inflation data.
Strong FII buying seen on Wednesday of around Rs 2,800 crore also supported the ongoing momentum.
BSE Sensex touched a fresh record high of 74,245.17 ending 33.40 points or 0.05 per cent higher at 74,119.39.
“Investors have time, even now, to switch from small-caps to fairly valued large-caps and partly to fixed income products. At this stage in the market, safety should be given priority over return," he said.