Profit booking pulls down Sensex, Nifty after scaling new peak

Mumbai, Jun 28 (UNI) Indian benchmark indices on Friday scaled to new peak in the opening hour but profit booking during the intra-day in heavy weights and banking stocks pulled BSE Sensex down by 210 points to settle at 79,032.73.

A seesaw trend was seen during the session, as the Sensex opened higher at 79457.58, up 214 points. It further gained 428 points at 79,671.58, day’s and all-time high. During intra-day trade it slipped 338 points at 78,905.89, to touch day’s low before closing at 79032.73, sliding 210.45 points from its previous close.

The National Stock Exchange (NSE) eased 33.90 points to end the day at 24,010.60. The NSE registered days high and low at 24,174 and 23,985.80 points respectively.

The market, especially the heavy weights have seen consistent rally through out the week with return of Foreign Institutional Investors (FIIs) to buying. They bought equities worth Rs 7,659 crore in the last trading session, while the Domestic Institutional Investors (DIIs) sold equities to the tune of Rs 3,605 crore yesterday, according to data available.

In the 30-shares index 10 advanced while 20 declined. The Mid-cap rose by 0.41 per cent and Small-cap by 0.56 per cent.

The losers were IndusInd Bank by 2.61 per cent to Rs 1463.80, Axis Bank by 2.05 per cent to Rs 1262.45, Bharti Airtel by 1.80 per cent to Rs 1445.35 and ICICI Bank by 1.60 per cent to Rs 1199.80.

The gainers were Reliance Industries by 2.31 per cent to Rs 3131.85, Tata Motors by 1.80 per cent to Rs 990.10, Asian Paints by 1.31 per cent to Rs 2920, and Nestle India Ltd by 0.98 per cent to Rs 2557.40.

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