- By Aditya Pratap Singh
- Fri, 28 Jun 2024 04:32 PM (IST)
- Source:PTI
Stock Market: Domestic benchmark indices Sensex and Nifty ended their record three-day rally with losses on Friday as investors booked profits in banking, financial, and technology stocks, despite a positive trend in global equities. Breaking a four-session winning streak, the equity indices succumbed to selling pressure in the middle of the session after profit-taking emerged at some counters.
After hitting a new all-time high in the early trade, the 30-share BSE index Sensex declined 210.45 points or 0.27 percent to settle at 79,032.73. During the day, it jumped 428.4 points or 0.54 percent to hit a new record high of 79,671.58. The NSE Nifty 50 index fell 33.90 points or 0.14 percent to 24,010.60. During the day, it climbed 129.5 points or 0.53 percent to reach a new all-time high of 24,174.
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On Thursday, Sensex crossed the 79,000 mark for the first time, and Nifty touched the 24,000 level for the first time during intraday trade.In the last four trading days, the BSE benchmark index jumped 2,033.28 points or 2.63 percent. Among the 30 Sensex companies, ICICI Bank, IndusInd Bank, Bharti Airtel, Maruti Suzuki, Axis Bank, Kotak Mahindra Bank, JSW Steel and Bajaj Finserv were the top losers.
On the other hand, Reliance Industries, Asian Paints, Tata Motors, Nestle, and Titan were the top gainers. In the Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong settled in the green. European markets were mostly trading higher. US markets ended in positive territory on Thursday. According to exchange data, foreign institutional investors (FIIs) bought shares worth Rs 7,658.77 crore on Thursday.
Global benchmark Brent crude oil rose 0.89 per cent to USD 87.16 per barrel. The BSE benchmark index surged 568.93 points or 0.72 per cent to end at a fresh closing high of 79,243.18 on Thursday. The Nifty closed at a new record high of 24,044.50, rising 175.70 points or 0.74 per cent.