NEW DELHI: Profit booking at all-time high levels pushed benchmark indices lower as they snapped the three-day winning run on Friday. IT stocks saw intense selling while banks also contributed to the fall.
Broader markets continued to outperform as the US Fed indicated that rate hike was still far away in the future and the focus right now is on economic growth. But still, some analysts believe the stock prices have run up too much.
The 30-share pack Sensex declined 18.79 points or 0.04 per cent to close at 53,140.06. Its broader peer NSE Nifty dipped 0.80 points or 0.01 per cent to 15,923.40.
Market at a glance:
- Angel Broking soars 20 per cent after a strong Q1 show
- IPO Watch: Zomato subscribed 36x, Tatva Chintan 3.46x
- India VIX, the barometer of volatility, falls 5 per cent to below 12-level
- HCL Tech that came out with earnings yesterday plunges over 3 per cent
- Voda Idea surges 8 per cent after cos say it is raising $3 billion
MORE TO COME…
