Sensex halts 5-day losing run; metal and IT drag
Broader indices underperformed as the BSE Midcap and Smallcap closed 0.57% and 0.45% lower.
Broader indices underperformed as the BSE Midcap and Smallcap closed 0.57% and 0.45% lower.
Nifty managed to close just above 22,900, while buying in broader indices also helped to recover intraday losses.
At close, the BSE Sensex was down 32.11 points or 0.04% at 76,138.97, and the Nifty 50 was down 13.85 points or 0.06% at 23,031.40.
The benchmark Indices ended on a flat note in a highly volatile session on Tuesday amid gains in shares of select heavyweights.
At close, the Sensex was down 131.43 points or 0.16% at 82,948.23, and the Nifty was down 41 points or 0.16% at 25,377.50.
Nifty 50 opened at a record high of 23,629.85, touched another record high at 23,664.00, before fallling into the red as investors booked profit.
Sensex opened at a record high of 77,543.22 and closed at 77,337.59, up 36.45 points, or 0.05%.
Both the indices hit their fresh record highs, jumping almost 4%, and ended at their fresh closing highs with gains of over 3% each.
Experts believed that the market is reeling in the clutches of bears ahead of the Lok Sabha election outcome.
At close, the Sensex was down 1,062 points or 1.5% at 72,404, while the Nifty 50 was down 335 points or 1.5% at 21,967.
