Equity indices retreat from record highs to trade flat (Lead)
Tuesday - August 7, 2018 12:44 pm ,
Category : BUSINESS
Equity indices retreat from record highs to trade flat (Lead)
Mumbai Aug 7 (IANS) After touching fresh record levels the key Indian equity indices ceded all their gains to trade on a flat note during the afternoon session on Tuesday.
According to market analysts mixed global cues and profit booking by investors led to the indices to shed all the gains.
Minutes into trade both the S&P BSE Sensex and NSE Nifty50 hit their all-time highs of 37 876.87 points and 11 428.95 points respectively but they could not hold on to the gains.
At 12.26 p.m. the wider Nifty50 traded 11 387.80 points higher by 0.70 points or 0.01 per cent from its previous close.
The BSE Sensex which had opened at 37 849.21 points traded at 37 679.84 points (12.26 p.m.) -- lower by 12.05 points or 0.03 per cent -- from its previous close of 37 691.89 points.
It has touched an intra-day low of 37 586.88 points so far.
The top gainers on the Sensex were Yes Bank Asian Paints Tata Steel Maruti Suzuki and NTPC while the major losers were Adani Ports Coal India Axis Bank Bharti Airtel and Power Grid.
--IANS rrb/in
According to market analysts mixed global cues and profit booking by investors led to the indices to shed all the gains.
Minutes into trade both the S&P BSE Sensex and NSE Nifty50 hit their all-time highs of 37 876.87 points and 11 428.95 points respectively but they could not hold on to the gains.
At 12.26 p.m. the wider Nifty50 traded 11 387.80 points higher by 0.70 points or 0.01 per cent from its previous close.
The BSE Sensex which had opened at 37 849.21 points traded at 37 679.84 points (12.26 p.m.) -- lower by 12.05 points or 0.03 per cent -- from its previous close of 37 691.89 points.
It has touched an intra-day low of 37 586.88 points so far.
The top gainers on the Sensex were Yes Bank Asian Paints Tata Steel Maruti Suzuki and NTPC while the major losers were Adani Ports Coal India Axis Bank Bharti Airtel and Power Grid.
--IANS rrb/in
