Indices closed in red amidst strong profit booking; PSU banks and Realty dragged the markets
Indices closed in red amidst strong profit booking; PSU banks and Realty dragged the markets

Indices closed in red amidst strong profit booking; PSU banks and Realty dragged the markets

Hindalco, Maruti and Nestle India are the top gainers while SBI, Bajaj-Auto and Kotak bank were the top losers amongst Nifty 50 stocks.        

Prasad Chavan Article rating: 5.0

After gap down opening indices showed strength and touched yesterday’s day high in the first half of the session. However, Bears came in action which resulted Indices to give up all gains and closed below their opening levels in the latter half of the session.

Indices closed higher ahead of FOMC meeting; PSU banks and Pharma hold the markets
Indices closed higher ahead of FOMC meeting; PSU banks and Pharma hold the markets

Indices closed higher ahead of FOMC meeting; PSU banks and Pharma hold the markets

Pharma and PSU Banks traded strong in today’s session. Meanwhile, Media and Realty remained weak for the day.

Prasad Chavan Article rating: 5.0

Indian markets witnessed a range bound session for the day. NSE Nifty 50 rose 44.40 points or 0.26 per cent to close at 17,152 level while S&P BSE Sensex closed around the opening levels with gains of more than 150 points. Nifty Midcap 100 and Nifty Smallcap 100 rose 0.28 per cent and 0.54 per cent respectively.

 

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