Sensex Drops 152 Points; Nifty Dips Below 9600

Sensex Drops 152 Points; Nifty Dips Below 9600

The benchmark BSE Sensex was down 43 points or 0.14 percent at 31,247 while the broader Nifty index was down 28 points or 0.29 percent at 9,601.

The markets will remain closed on Monday (26 June) on account of "Id- ul-Fitr" (Ramzan Eid).

The 30-share Sensex rose over 75 points in morning trade and shot up to 31,365.39, but quickly lost momentum to hit the day's low of 31,110.39.

More news: South Korea to scrap all plans to build new nuclear reactors

The US Dow Jones Industrial Average closed 0.27 per cent lower on Wednesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 7.80 points or 0.08 per cent higher at 9,637.80 points. Although selling pressure was visible across all the sectors, banking, auto and realty stocks were the worst hit in today's trade. Sentiment turned for the better after data showed that foreign institutional investors (FIIs) and domestic institutional investors (DIIs) emerged net buyers on the bourses yesterday. The decline in both these indices was higher than the Sensex's decline in percentage terms. The S&P500 index inched 1.42 points lower to 2,435.61. SEBI relaxed norm for takeover of stressed business and RBI's less hawkish minutes were positive for the market.

The Indian market dipped on Friday with the BSE Sensex down 152.53 points at 31,138.21 and the NSE Nifty down 55.05 points at 9,574.95, largely due to profit booking ahead of the long weekend, according to media reports.

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