Sensex, Nifty draw back from lifetime highs on profit taking; HDFC Bank, ICICI major laggards

From the 30 Sensex firms, Power Grid, ICICI Bank, Bharti Airtel, HDFC Bank, Kotak Mahindra Bank, Larsen & Toubro, Adani Ports and UltraTech Cement were among the laggards. | Photo Credit: Reuters

Benchmark banal indices Sensex and Nifty retracted from beingness highs to settee little connected Friday (September 27, 2024) owed to profit-taking successful frontline stocks HDFC Bank and ICICI Bank.

The BSE Sensex declined 264.27 points oregon 0.31% to settee astatine 85,571.85. During the day, it climbed 142.13 points oregon 0.16% to scope a caller grounds intra-day highest of 85,978.25.

The NSE Nifty dipped 37.10 points oregon 0.14% to 26,178.95 aft rising 61.3 points oregon 0.23% to an all-time intra-day precocious of 26,277.35 during the day.

From the 30 Sensex firms, Power Grid, ICICI Bank, Bharti Airtel, HDFC Bank, Kotak Mahindra Bank, Larsen & Toubro, Adani Ports and UltraTech Cement were among the laggards.

Sun Pharma, Reliance Industries, Titan, HCL Technologies and Bajaj Finserv were among the biggest gainers.

"Following the caller awesome surge, the benchmark indices experienced a sideways question contiguous arsenic investors engaged successful nett booking astatine elevated levels," Vinod Nair, Head of Research, Geojit Financial Services said.

In Asian markets, Tokyo, Shanghai, and Hong Kong settled sharply higher portion Seoul ended lower. European markets were trading successful the green. The U.S. markets ended successful affirmative territory connected Thursday (September 26, 2024.)

Foreign Institutional Investors (FIIs) turned buyers connected Thursday (September 26, 2024) arsenic they bought equities worthy ₹629.96 crore, according to speech data. Domestic Institutional Investors (DIIs) besides bought equities worthy ₹2,405.12 crore. Global lipid benchmark Brent crude dipped 0.03% to $71.58 a barrel.

The BSE benchmark jumped 666.25 points oregon 0.78% to settee astatine an all-time precocious of 85,836.12 connected Thursday (September 26, 2024.) During the day, it reached a grounds intra-day highest of 85,930.43, surging 760.56 points oregon 0.89%.

The Nifty climbed 211.90 points oregon 0.81% to adjacent astatine a grounds precocious of 26,216.05. During the day, it soared 246.75 points oregon 0.94% to deed a caller intra-day beingness highest of 26,250.90.

Published - September 27, 2024 04:43 p.m. IST