The benchmark indices witnessed profit booking today with Nifty and Sensex below 13,500 and 46,000 levels.
At close, the BSE Sensex was down 143.62 points or 0.31 per cent at 45,959.88 and the Nifty was down by 50.80 points or 0.38 per cent at 13478.30.
About 1,209 shares have advanced, 1642 shares declined and 158 shares are unchanged.
Nestle (4.46 per cent), ITC (3.55 per cent), Britannia (3.11 per cent) and HUL (2.54 per cent) were among the major gainers on Nifty, while the losers were UPL (-10.99 per cent), UltraTech Cement (-3.51 per cent), Tata Motors (-2.79 per cent) and Shree Cement (-2.71 per cent).
On the sectoral front, Nifty Metal (0.23 per cent), Nifty Realty (0.43 per cent), Nifty Consumption (1.08 per cent) and Nifty FMCG (2.81 per cent) managed to close in the green, while all the other sectors ended in red with Nifty Auto (-0.99 per cent) and Nifty PSU Bank (-1.54 per cent) being the top losers.
The BSE Midcap and Smallcap indices also shed 0.5 per cent each.
Author’s View: Although Nifty failed to sustain over 13,500 level, the short term trend still remains bullish. Every correction in the index can be utilized as a fresh buying opportunity till Nifty trades over 13,300. Also, we anticipate higher volatility in the market till Nifty trades between 13,300 to 13,500 levels.
Disclaimer: The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.
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