Nifty sets new record in volatile trading, Sensex slips 53 points to close at 79,996

Mumbai. In a volatile trading, the NSE benchmark index Nifty closed at a new record level for the third consecutive session on Friday, but the record-breaking BSE Sensex again came below the 80,000 level with a slight decline. The BSE’s 30-share benchmark index Sensex closed at 79,996.60, down 53.07 points or 0.07 percent. However, the National Stock Exchange (NSE) index Nifty closed at its new all-time high of 24,323.85 with a marginal gain of 21.70 points or 0.09 percent.

Among the Sensex stocks, State Bank of India, Reliance Industries, Hindustan Unilever, NTPC, Larsen & Toubro, Nestle India, Power Grid, ITC, JSW Steel and Sun Pharmaceuticals registered gains. On the other hand, HDFC Bank, Titan, Mahindra & Mahindra, IndusInd Bank, UltraTech Cement, Tata Motors, HCL Technologies and Asian Paints declined. Vinod Nair, Head of Research, Geojit Financial Services, said, “The domestic market traded with a mixed trend, with the banking sector dominating. The decline in deposit growth of top banks in the June quarter on a quarterly basis further increased the concern.”

Nair said that the shares of mid-cap and small companies performed better and the respective BSE indices touched an all-time high. Other Asian markets closed with a mixed trend. Markets were closed on Thursday on the occasion of Independence Day in the US. The Sensex closed at 80,049.67 with a gain of 62.87 points in the previous trading session, which is its highest level. Nifty also closed at a record 24,302.15, up 15.65 points. According to stock market data, foreign institutional investors (FIIs) were net buyers in the capital market on Thursday. They made a net purchase of shares worth Rs 2,575.85 crore.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.



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