Indian sensex retreats from record highs on profit-taking

Alicia Guzman
June 24, 2017

The benchmark BSE Sensex fell by 152.53 points or 0.49 percent to 31,138.21, while the broader Nifty index hit a one-week low before finishing at 9,574.95, down 55.05 points or 0.57 percent from its previous close. The Nifty too was down by 19.90 points or 0.21 per cent.

Analysts owed the slump to profit booking ahead of a longer weekend as the market will stay closed on Monday on occasion of Eid.

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The Sensex touched a high of 31,365.39 points and a low of 31,296.01 points in the trade so far. Market was extremely volatile in the week with Sensex hitting record high and breaching 31,500 on Thursday.

The NSE Nifty also moved up by 57.60 points, or 0.6 percent, to 9,691.20.

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Meanwhile, foreign funds bought shares net Rs 192.68 crore yesterday, as per provisional figures. The Nifty Auto index shed 1.7 per cent, with automaker Maruti Suzuki declining 1 per cent.

Shares of Fortis Healthcare crashed about 13 per cent after Malaysia's healthcare services provider IHH Healthcare Berhad on Thursday (22 June) said it is not close to "concluding any negotiations" to buy controlling stake in Fortis Healthcare. BSE Small-cap index closed lower by 1.46% at 15,381. Market breadth was in the favour of losers, with about 3 stocks falling to every 1 stock that advanced.

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European shares were down in late morning deals.

Other reports by Info About Network

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