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Sensex, Nifty Close Marginally Lower, Dr Reddy, NTPC, Bajaj Auto Top Losers

Sensex ended marginally lower on Wednesday after a four-session winning streak as investors booked profits

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Sensex, Nifty Close Marginally Lower, Dr Reddy, NTPC, Bajaj Auto Top Losers

The benchmark Sensex ended 0.03 percent down at 34,433.07

Sensex, Nifty closed nearly flat on Wednesday as financials such as Housing Development Finance Corp (HDFC) fell, but a surge in IT stocks such as Tata Consultancy Services (TCS) curbed losses in the indexes. The Nifty closed 0.05 percent lower at 10,632.20, while the benchmark Sensex ended 0.03 percent down at 34,433.07. Nifty IT index closed 2.2 percent higher, with Tata Consultancy Services ending up 3.6 percent. Tata Consultancy Services is due to post December-quarter results on Thursday. Housing Development Finance Corp slipped 0.5 percent.

Benchmark Sensex ended marginally lower on Wednesday after a four-session winning streak as investors booked profits in auto, consumer durables, capital goods, PSU and banking shares ahead of third-quarter results. It was a volatile session as the BSE 30-share barometer opened with strength and rallied to a fresh life-time high of 34,565.63. However, it succumbed to profit booking, before

finally ending at 34,433.07 points, down by 10.12 points, or 0.03 per cent. The gauge had rallied 649.81 points in the previous four sessions on sustained foreign fund inflows. The NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20. Intra-day, it hit a high of 10,655.50 and a low of 10,592.70.


 

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