BSE Sensex hit a fresh record high of 36,740 points in the morning session, but eventually trimmed major gains to trade marginally higher during the afternoon session.
BSE Sensex opened 59.64 points higher, but soon turned choppy in early trade, as investors cashed profits in metal, healthcare, PSU and auto stocks, amid weak Asian cues as US-China trade spat escalated.
Sensex fell 159 points to end at 35,264.41 today on profit booking in recent gainers led by metal, power and infrastructure stocks amid weak global cues.
At 12.38 pm, the wider Nifty50 on NSE was trading at 10,831.30 points, up 63.65 points or 0.59 per cent from the previous close of 10,767.65 points.
Extending losses for the third straight day, the NSE Nifty fell by over 58 points due to continued selling in some key sectors.
Adani Ports and Special Economic Zone (APSEZ) today reported 19.9 per cent decline in consolidated profit at Rs 940.4 crore for the quarter ended on March 31, 2018.
Healthy buying in oil and gas, banking and auto stocks, coupled with broadly positive global cues, lifted the key Indian equity indices.
The 30-share index moved higher by 110.13 points, or 0.32 per cent, to 34,505.19.
Adani Ports and Special Economic Zone said it has entered into a pact with Indian Oil Corporation to provide LNG regasification services at its import terminal in Odisha.
Sensex started the week at 33,030.87 and hovered between 33,697.51 and 32,972.56 before finishing the week at 33,626.97, showing a gain of 658.29 or 1.99%.
ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh
In pact with Reliance Nippon to sell Mutual Fund products
Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis
Plans to sell part of se Asia biz as part of strategy to exit non scalable biz
To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
To turn focus to domestic market
Avendus cap-KKR emerge as frontrunner to acquire IDFC MF
Offer of Rs 3,000-4,000 Cr made by FIN services firm