Sensex breaches 22,000, Nifty holds 6,500 level

BureauUpdated: Saturday, June 01, 2019, 03:10 PM IST
article-image

Mumbai:  After breaching 22,000 level for the first time, the benchmark BSE Sensex fell 47 points in early trade today on emergence of profit-booking by funds and retail investors tracking weak cues in other Asian markets.

The 30-share barometer hit psychological 22,000 mark for the first time and moved up for a brief period to touch a new record high of 22,005.54. The Sensex, however, slid afterwards to trade 47.30 points lower at 21,872.49 in early trade.

Stocks of metal, IT, healthcare and auto sectors led the fall.

Similarly, the National Stock Exchange index Nifty, after soaring to a life-time high of 6,548.75 at the outset, succumbed to profit-booking and slipped 39.30 points, or 0.60 per cent, to 6,487.35.

Brokers said apart from emergence of profit-booking by funds and retail investors at record levels, a subdued trend in the other Asian bourses following weak China and Japan’s economic data impacted the sentiment here.

Among other Asian markets, Hong Kong’s Hang Seng fell by 1.42 per cent, while Japan’s Nikkei shed one per cent in early trade.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Another class 12 school girl in TN dies, police suspect suicide

Another class 12 school girl in TN dies, police suspect suicide

'Want to fulfil mum's dream': Mumbai Khiladis captain Vijay Hajare on playing in Ultimate Kho Kho

'Want to fulfil mum's dream': Mumbai Khiladis captain Vijay Hajare on playing in Ultimate Kho Kho

Mumbai: Hospitals witnessing increase in number of urinary tract infections in elderly

Mumbai: Hospitals witnessing increase in number of urinary tract infections in elderly

West Bengal: TMC leader Anubrata Mondal again skips CBI appearance in cattle smuggling scam

West Bengal: TMC leader Anubrata Mondal again skips CBI appearance in cattle smuggling scam

Ultimate Kho Kho: All you need to know When, Where, Format, Teams; Live on TV and online

Ultimate Kho Kho: All you need to know When, Where, Format, Teams; Live on TV and online