Sensex ends in red after late sell-off; scales 56k in intra-day trade


PTI, Aug 18, 2021, 3:59 PM IST

Mumbai: Equity benchmark Sensex dropped 163 points in a volatile session on Wednesday, tracking losses in index majors ICICI Bank, HDFC and Kotak Bank amid mixed cues from global markets.

After scaling a lifetime high of 56,118.57 during the session, the 30-share index turned negative to end 162.78 points or 0.29 per cent lower at 55,629.49.

Similarly, the broader NSE Nifty declined 45.75 points or 0.28 per cent to 16,568.85. It touched a record intra-day peak of 16,701.85.

Kotak Bank was the top loser in the Sensex pack, shedding over 2 per cent, followed by ICICI Bank, PowerGrid, HDFC, IndusInd Bank and Axis Bank.

On the other hand, UltraTech Cement, Bajaj Finance, Bajaj Finserv, Nestle India and Bajaj Auto were among the gainers.

“Domestic benchmark indices, after witnessing record high, gave up all gains and fell to negative territories as selling pressure in heavyweight financials especially private banks dragged market,” said Binod Modi, Head – Strategy at Reliance Securities.

Heavyweight HDFC Bank witnessed brisk rebound after RBI allowed the bank to issue fresh credit cards, but closed lower due to profit booking.

In addition to financials, metals, auto and realty stocks also remained under pressure, he noted.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with gains.

However, equities in Europe were trading on a negative note in mid-session deals.

Meanwhile, international oil benchmark Brent crude rose 0.90 per cent to USD 69.65 per barrel.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Kinnigoli: Truck carrying red stone collides with Auto-Rickshaw; driver injured

UP govt to install 150,000 toilets for Maha Kumbh, set up paying guest facilities

Kavoor Police arrest two notorious cattle thieves

Udupi: Unidentified body found near Bailkere’s Vidhyodaya School

Sexual harassment case cannot be closed on basis of compromise between parties: SC

MLC Ivan D’Souza defends CM Siddaramaiah’s Lokayukta appearance, criticizes BJP’s ‘Drama’ claims

Ranji Trophy: Shreyas Iyer’s majestic 233 puts Mumbai in complete command against Odisha

Related Articles More

Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision

SC orders liquidation of grounded air carrier Jet Airways’ assets

Home-cooked meals become dearer in October on costlier vegetables

Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls

Das says incoming data on GDP growth mixed but positives outweigh negatives

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Felling of trees: What is being done to restore Delhi Ridge? SC asks DDA

Kinnigoli: Truck carrying red stone collides with Auto-Rickshaw; driver injured

UP govt to install 150,000 toilets for Maha Kumbh, set up paying guest facilities

Kavoor Police arrest two notorious cattle thieves

Udupi: Unidentified body found near Bailkere’s Vidhyodaya School

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.