May 14, 2024

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Sensex, Nifty snap 6-session successful run; finish marginally decrease

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Image Source : PTI Sensex, Nifty snap 6-session successful run; finish marginally decrease
Snapping their six-session successful streak, fairness benchmarks Sensex and Nifty ended marginally decrease on Tuesday amid profit-booking in IT, FMCG and auto shares. After rallying 487 factors to the touch its lifetime intra-day excessive of 51,835.86, the 30-share BSE Sensex pared all features to finish 19.69 factors or 0.04 per cent decrease at 51,329.08.
Similarly, the broader NSE Nifty slipped 6.50 factors or 0.04 per cent to fifteen,109.30. It touched a file peak of 15,257.10 through the day.
M&M was the highest laggard within the Sensex pack, shedding round 4 per cent, adopted by Bajaj Finance, ITC, Sun Pharma, Bajaj Auto, Bajaj Finserv and TCS.
On the opposite hand, Asian Paints, ONGC, Titan, L&T and Axis Bank have been among the many gainers.

Domestic equities remained buoyant for a lot of the session with benchmark indices making recent highs. However, excessive volatility was seen in the direction of the top of the session and profit-booking was witnessed in a lot of shares, specialists mentioned.
Broad-based rally was not seen and solely choose massive cap counters supported market, mentioned Binod Modi, Head – Strategy at Reliance Securities. Midcap and smallcap indices underperformed sharply and barring financials a lot of the key sectoral indices have been in crimson.
Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo ended with features, whereas Seoul closed decrease.
Stock exchanges in Europe have been buying and selling on a unfavorable be aware in mid-session offers.
Meanwhile, the worldwide oil benchmark Brent crude was buying and selling 0.40 per cent greater at USD 60.94 per barrel. 
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