Mumbai: The Bombay Stock Exchange (BSE) Sensex closed 67 points lower on Wednesday, losing early gains on negative trend in global markets and selling pressure in domestic markets to book profits at higher levels. The 30-company-based BSE Sensex came under selling pressure after rising nearly 400 points in the day’s trade and finally settled down 66.95 points, or 0.13 per cent, at 52,482.71. Similarly, the Nifty of the National Stock Exchange (NSE) fell 26.95 points, or 0.17 per cent, to end at 15,721.50.
Among the stocks included in the Sensex, Power Grid’s shares were the biggest losers. It declined by more than one percent. Along with this, Bajaj Finserv, ICICI Bank, HDFC, NTPC, HUL and Larsen & Toubro also declined. In contrast, shares of Infosys, Reliance Industries, Nestle India and Maruti registered gains.
Binod Modi, Head of Strategy, Reliance Securities, said, “In the last session of close of trading in the domestic stock markets, the selling pressure on profit-making continued to gain early. Selling in financial stocks brought the market down.” However, buying was seen in the shares of information technology, metals and auto companies during trading. Pharmaceutical companies remained firm while Reliance Industries also saved the market from falling further.
Among other Asian markets, Hong Kong and Tokyo ended with losses while those in Shanghai and Seoul closed with gains. The European markets were at a loss till mid-day. On the other hand, Brent crude, the benchmark of international crude oil, rose 0.79 percent to $ 74.87 per barrel. (agency)