The BSE Sensex retreated from record high to end flat at 36,541.63 today as investors booked profits in recent gainers despite firm global cues.
The benchmark BSE Sensex touched an all-time high of 36,699.53 points, tracking gains in the Asian markets.
Benchmark Sensex rose for the fourth session today to perch near its all-time peak, powered by a sharp rally in IT bellwether TCS following strong quarterly results.
The key Indian equity indices traded on a flat note afternoon tracking weak Asian markets.
Singapore’s Competition and Consumer Commission said the merger of Grab and Uber had substantially lessened competition in the ride-hailing business in the city-state and proposed to impose financial penalties on the two parties.
Volatility in the Asian markets has risen considerably and accordingly there is a need for tighter monetary as well as fiscal policies, says a DBS report.
Crude oil futures eased 0.91 per cent to Rs 5,029 per barrel today as speculators reduced positions amid a weakening trend in Asian markets.
Sensex rose over 200 points and the Nifty reclaimed the 10,600-mark in early trade today on fresh buying by investors as the July derivatives contracts started on a strong note amid recovery in the rupee.
Crude oil futures eased 0.46 per cent to Rs 4,925 per barrel today as speculators reduced their positions amid a weakening trend in Asian markets.
BSE Sensex surrendered its initial gains to trade flat in late morning trade today amid buying in energy, realty, IT and consumer durables counters.