NEW DELHI: Another day, similar story. Benchmark indices wiped out morning gains to end in the red as valuation concerns triggered profit booking. Metals and IT were among the worst affected, and volatility also spiked.
Global cues were positive after the Fed Reserve chairman cleared air on rate hike talks and said the central bank will continue to support the economy and job creation.
The 30-share pack Sensex declined 282.63 points or 0.54 per cent to close at 52,306.08. The index dropped 600 points from its day’s high. Its broader peer NSE Nifty fell 76.65 points or 0.49 per cent to 15,696.10.
Market at a glance:
- PNB rose 2% after ED transfers assets in Nirav Modi case
- IDBI Bank gained 2% after govt invites bids to handle divestment
- ITI jumped 4% after solid Q4 performance
- Aster DM Healthcare fell 3% after flop show in Q4
- IPO watch: India Pesticides was subscribed 87% on Day 1 so far
…More to come
