Sensex ends in red after strong intraday gain

#GS3 #Economy

HDFC, RIL among top losers in pack

  • The Indian equity benchmarks gained strong ground in the first half of the session but pared all the gains at the fag end and ended in the red.
  • The 30-share Sensex, which gained nearly 880 points to touch an intra-day high of 31,568.35, closed at 30,379.81, down 310.21 points, or 1.01%.
  • The broader Nifty ended the day at 8,925.30, shedding 68.55 points or 0.76%.
  • Market participants attributed the fall to the overall weak trend in most markets on account of concerns related to a weak economic outlook.
  • In the Sensex pack, HDFC Bank, Reliance Industries, HDFC, Kotak Mahindra Bank, and Bajaj Finance contributed the maximum to the day’s losses.
  • Foreign portfolio investors (FPIs), however, were net buyers at ₹1,359 crore even as their domestic counterparts sold shares worth nearly ₹1,100 crore.
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