Indices fall for the second day in a row due to profit bookings in select stocks
Equity benchmark indices Sensex and Nifty settled lower for the second straight session on Wednesday due to profit booking in select banking and auto stocks amid mixed trends in global markets and foreign fund outflows.
The 30-share BSE Sensex fell 27.09 points or 0.04 percent to settle at 73,876.82 in a volatile trade. During the day, the index fluctuated between a high of 74,151.21 and a low of 73,757.23.
The broader NSE Nifty fell 18.65 points or 0.08 percent to 22,434.65, with 30 components of the 50-share benchmark ending with losses. “Nifty remained volatile throughout the day after an initial weak start due to negative global cues,” said Rupak De, Senior Technical Analyst at LKP Securities.
NSE launches four indices
NSE on Wednesday announced the launch of four new thematic indices. These are Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20 and Nifty MidSmall Healthcare.
The Nifty Tata Group 25% Cap, a variant of the already existing Nifty Tata Group Index, includes 10 companies and limits the individual weight of one company to 25 percent.
The Nifty500 Multicap India Manufacturing 50:30:20 Index includes select largecaps, midcaps and smallcaps representing the manufacturing theme. BS REPORTER
First print: April 4, 2024 | 1:18 am IST