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.
Sensex defied gravity for the fifth straight session to close at a fresh lifetime high today as investors poured money into energy and financial shares amid a robust start to the earnings season.
The BSE Sensex vaulted over 282 points to end at a record high of 36,548.41 today on robust buying in energy, oil and gas and banking stocks.
British shares sold off on Wednesday as the United States threatened to slap 10 percent tariffs on a list of $200 billion worth of Chinese imports, escalating a trade war and sending jitters across global markets.
The Sensex rebounded over 83 points to close at 35,657.86 in volatile trade today, led by gains in auto, realty, capital goods and energy stocks.
Snapping its two days of losing run, the NSE Nifty today rose by 61.60 points, led by gains mainly in realty, energy and banking stocks amid positive global cues.
The NSE Nifty extended its rally for the second straight session, rising by 91 points to 10,605.15 on broad-based buying mainly in metal, auto, media and energy.
US stock market futures steadied, helped by a measured response by North Korea to President Donald Trump’s cancelling of a planned summit, while a slump in oil prices pressured energy stocks.
Sensex plummeted more than 306 points while the broader Nifty finished below the 10,500-mark as stubborn fuel prices and renewed geopolitical concerns sparked a safe-haven flight among investors.
Benchmark Sensex tumbled 306 points to end at an over one-month low of 34,344.91 today on widespread selling, led by energy and metal stocks.