Indian markets ended on a mixed note on Wednesday with the Sensex closing at record high, but the Nifty slipped in the red at close. Benchmark indexes were pulled lower by profit booking in the last hour of trade in midcaps and metal along with IT, energy and auto stocks.
NSE
The BSE Sensex closed at 36,858.23, higher by 33.13 points, or 0.09 percent, while the Nifty settled at 11,122.85, down by 11.45 points, or 0.10 percent.
SBI, HDFC, Tata Steel were among top gainers, while NTPC lost nearly 4 percent, followed by Asian Paints, Axis Bank among others. BSE MidCap turned negative towards the end.
(Market update as of 3.40 pm)
Here's how the markets fared in the post-noon session
The Indian benchmark indexes were trading positive, with the Sensex gaining 76.71 points, at 36,901.81 and the Nifty gaining 10.10 points, at 11,144.40.
The Sensex and Nifty touched record highs in opening after which the market came under pressure due to mixed corporate earnings.
Prominent gainers included Yes Bank, Adani Ports, Vedanta, Hero MotoCorp, Tata Steel, Bajaj Auto, HDFC, IndusInd Bank, Reliance, Wipro, SBI, ITC, rising by up to 2 percent.
Whereas, Bharti Airtel, NTPC, Kotak Bank, Hindustan Unilever, TCS, Coal India, Sun Pharma, Maruti, Asian Paints were among the top losers.
Maruti dropped by a percent after the company announced to voluntarily recall for a possible fault in airbag controller unit of 566 new Swift and 713 new Dzire manufactured between May 7 and July 5.
Cement stocks declined after the NCLAT upheld the CCI penalty of Rs 6300 crore on 11 companies.
MidCaps on both indexes traded in the positive zone, with the Nifty MidCap rising by 0.33 percent, while the BSE MidCap by 0.18 percent.
Among sectoral indices, BSE metal gained the most by 1.12 percent, while Telecom declined the most by 1.39 percent. Consumer durables was other the significant loser, down by 0.86 percent.
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First Published:Jul 25, 2018 12:48 PM IST