Sensex, Nifty touch new high, but close in red

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SME Times News Bureau | 25 Nov, 2014
A day after a benchmark index of the equities markets touched a new record, the barometer provisionally slipped by 162 points or 0.57 percent in Tuesday's trade.

However, in the intra-day trade the 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE) touched a new record high of 28,541.22 points, surpassing its earlier recorded high of 28,514.98 points hit Monday.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) too touched a new record high at 8,535.35 points. However, it closed at 8,463.10 points -- down 67.05 points or 0.79 percent.

In Tuesday's trade, the Sensex opened at 28,520.76 points and closed trade at 28,338.05 points (provisionally), down 161.49 points or 0.57 percent from the previous day's close at 28,499.54 points.

The Sensex touched a high of 28,541.22 points and a low of 28,217.50 points in the intra-day trade.

The markets which were seen bullish at the start lost steam as there were no indications of any developments on further reforms like Goods and Service Tax (GST) and land acquisition norms that might be announced during the ongoing winter session.

Instead, the sentiments turned bearish which lead to profit-booking in bank, automobile, fast moving consumer goods (FMCG), capital goods and metal stocks.

However, oil and gas and healthcare sector witnessed healthy buying.

The S&P bank index lost by 297.90 points, automobile index moved down by 201.34 points, FMCG index was lower 197.31 points, capital goods index decreased by 176.12 points, and metal index slipped 156.30 points.

However, oil and gas stocks closed 61.35 points up, followed by healthcare index which rose by 33.77 points.