Sensex Slips 210 Points; Nifty Holds 24,000. Reliance Gains 2 Per Cent

Share maret today: Despite hitting fresh record highs earlier in the day, the two key equity benchmarks, Sensex and Nifty, settled lower on Friday. The BSE Sensex settled 210 points lower at 79,032, while NSE Nifty50 slipped 34 points to 24,011. The Sensex jumped 428 points to hit a fresh record high of 79,672, while NSE Nifty50 rose 130 points to hit a new all-time high of 24,174.

Stock udpate

On the 30-share Sensex platform, Reliance up 2.31 per cent, followed by Tata Motors, Asian Paints, Nestle, Titan, SBI. On the down side, IndusInd Bank, Axis Bank, Airtel, ICICI Bank, Kotak Bank, JSW Steel were among the losers.

In the broader markets, Nifty Midcap closed 0.56 per cent higher, while Smallcap ended 0.84 per cent higher.

Sectoral update

Sectorwise, Nifty Private Banks was the top loser, down 1.24 per cent, followed by Bank (down 0.89 per cent). On the other hand, Pharma was the top gainer, up 1.11 per cent.

In the previous session on Thursday, the Sensex rose by 569 points, or 0.72 per cent, to settle at 79,243, while the Nifty climbed 176 points, or 0.74 per cent, to finish at 24,045.

Global update

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong settled in the green. European markets were trading mostly higher. US markets ended in positive territory on Thursday.

Foreign Institutional Investors (FIIs) bought equities worth Rs 7,658.77 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude climbed 0.89 per cent to $87.16 a barrel.