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
Related Articles More
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
Gautam Adani charged in US with USD 250 mn bribery, fraud
India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra
RBI cautions public about ‘deepfake’ video of governor being circulated on social media
We disagree with decision, plan to appeal: Meta on CCI imposing Rs 213-cr penalty
MUST WATCH
Latest Additions
Siddaramaiah says confident of winning all three bypolls in Karnataka
Hop on! IT Minister Priyank Kharge checks out Uber Shuttle at Bengaluru Tech Summit
Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
AIMPLB to hold its annual general sessions in Bengaluru from November 23
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.