Sensex retreats after hitting record high, Nifty comes below 11,000

The gauge had gained 196.19 points in the previous session after a sharp drop in global crude oil prices.

Sensex retreats after hitting record high, Nifty comes below 11,000

New Delhi: Stock market closed in the negative zone on Wednesday with the Nifty coming below 11,000-mark with metal, realty, telecom, auto, FMCG, power and banking stocks coming under selling pressure.

Sensex tumbled ended 146.52 points or 0.40 percent down at 36,373.44 amidst domestic political uncertainty in after a no-confidence motion against the government was moved in the Lok Sabha. The broader NSE Nifty also fell by 27.60 points or 0.25 percent to end at at 10,980.45.

Sensex had touched fresh record high in opening trade today. The gauge had gained 196.19 points in the previous session after a sharp drop in global crude oil prices.

The laggards that dragged the key indices Indusind Bank, Adani ports, Maruti, Icici bank, Power grid, Bharti Airtel, M&M, Tata Motors, HUL, Axis Bank, Vedanta limited and Tata steel.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 673.99 crore yesterday, while domestic institutional investors (DIIs) bought shares worth Rs 840.06 crore, data released by stock exchanges showed.

On Tuesday -- the previous trade session -- both the indices had made gains on the back of a slide in global crude oil prices along with expectations of fund infusion into public sector banks.

With Agency Inputs

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close