Even after trading with gains for most of the day, the 30-share BSE Sensex failed to sustain the momentum. file | Photo Credit: AP
Benchmark indices closed flat on May 9, trimming their intra-day gains, as investors resorted to profit-taking after the recent rally amid a weak trend in global equities.
Even after trading with gains for most of the day, the 30-share BSE Sensex failed to sustain the momentum and finally closed 2.92 points lower at 61,761.33 due to volatility. It touched a high of 62,027.51 and a low of 61,654.94 in the day’s trade.
The NSE Nifty ended at 18,265.95 with a marginal gain of 1.55 points or 0.01%.
Among Sensex firms, ITC, State Bank of India, Bajaj Finance, NTPC, Power Grid, ICICI Bank, Kotak Mahindra Bank and UltraTech Cement were the major laggards.
IndusInd Bank, Tata Consultancy Services, Axis Bank, Mahindra & Mahindra, Tata Motors, HCL Technologies, Asian Paints, Wipro, HDFC and Maruti were major gainers.
In Asian markets, Seoul, Shanghai and Hong Kong ended with losses, while Tokyo closed in the green.
European markets were trading in the negative zone. On Monday, US markets closed with a mixed trend.
Foreign institutional investors (FIIs) were net buyers on Monday as they bought equities worth Rs 2,123.76 crore, according to exchange data.
Meanwhile, global oil benchmark Brent crude fell 0.88% to $76.33 per barrel.
Fitch on Tuesday affirmed India’s sovereign rating at ‘BBB-‘ with a stable outlook on strong growth and resilient external finances, but said weak public finances remain a challenge.
The BSE benchmark had closed at 61,764.25 on Monday, up 709.96 points or 1.16%. The Nifty closed at 18,264.40, up 195.40 points or 1.08%.