The Business Bytes
MUMBAI, APRIL 09, 2024 (TBB BUREAU): On Tuesday, benchmark equity indices soared to unprecedented heights, with the Sensex crossing the historic 75,000-mark for the first time intraday. However, the session ended with a slight downturn due to profit-booking at higher levels.
The 30-share BSE Sensex experienced a marginal decline of 58.80 points, settling at 74,683.70 after reaching a record peak of 75,124.28 earlier in the day, marking a gain of 381.78 points.
Similarly, the NSE Nifty closed 23.55 points lower at 22,642.75, having climbed to a record peak of 22,768.40, up by 102.1 points.
Major laggards from the Sensex basket included Titan, Reliance Industries, Asian Paints, Tech Mahindra, IndusInd Bank, UltraTech Cement, Wipro, and ITC. Conversely, ICICI Bank, Infosys, Bajaj Finserv, Tata Steel, Axis Bank, Bajaj Finance, Nestle, and Mahindra & Mahindra emerged as significant gainers.
Sector-wise, consumer durables, industrials, capital goods, and telecommunication witnessed declines, whereas metal, realty, financial services, and teck sectors saw gains.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 684.68 crore on Monday. Meanwhile, the global oil benchmark Brent crude rose to USD 90.54 a barrel.
In other financial news, gold prices surged by Rs 140 to reach a new peak of Rs 71,840 per 10 grams in the national capital, while silver prices jumped by Rs 500 to a record high of Rs 84,500 per kg.
